During this period, no auction operation was carried out on the foreign exchange market, indicates the Central Bank in its recent weekly bulletin. As of March 25, 2022, official reserve assets stood at 332.7 billion dirhams (MMDH), down 1.8% week-on-week and up 8.5% year-on-year .
During this week, the Central Bank injected a total of 79.1 billion dirhams, including 36.7 billion dirhams in the form of 7-day advances on calls for tenders, 21.7 billion dirhams through repurchase transactions and 20.8 billion dirhams as part of the program to support the financing of very small, small and medium-sized enterprises (TPME).
On the interbank market, the average daily volume of trade stood at 4.6 billion dirhams and the interbank rate stood at 1.50% on average during this period.
During the call for tenders of March 30 (value date March 31), Bank Al-Maghrib injected an amount of 40.9 billion dirhams in the form of 7-day advances.
On the stock market, the MASI rose by 1.4%, bringing its poor performance since the start of the year to 4.5%. This weekly evolution mainly reflects the appreciation of the indices of the agri-food sectors by 2.6%, banks by 2.4% and “buildings and construction materials” by 2%. On the other hand, the insurance and electricity sectors depreciated by 2.5% and 1.9% respectively. As for the overall volume of trade, it amounted to 539.1 million dirhams (MDH). On the central equity market, the average daily volume reached 107.5 MDH after 110.9 MDH.