Bank Al-Maghrib (BAM) reported that during the period from October 28 to November 3, the dirham remained almost stable against the euro and depreciated by 0.10% against the American dollar.
In its recent bulletin on weekly indicators, BAM indicates that during this period, no bids were recorded within the framework of the currency auctions organized by the Central Bank.
As of October 29, 2021, the outstanding official reserve assets (AOR) stood at 323 billion dirhams (billion dirhams), down 0.2% from one week to the next and up by 10, 3% year-on-year.
During the period from October 28 to November 3, BAM injected an amount of 38.4 billion dirhams in the form of 7-day advances on call for tenders. Taking into account the 25.1 billion in the form of repurchase agreements and 24.6 billion within the framework of the financing support programs of the SME, the overall outstanding of BAM interventions comes to 88.1 billion dirhams.
On the interbank market, the average daily volume of trade stood at MAD 2.4 billion and the interbank rate during this period was 1.50% on average, specifies the bulletin, noting that during the he call for tenders on November 3 (value date November 4), BAM injected an amount of MAD 33.4 billion in the form of 7-day advances.
On the stock market, the MASI has appreciated by 0.2%, bringing its performance since the start of the year to 20.2%. This change reflects increases in the sector indices for “oil and gas” of 4.1%, electricity of 3.8% and “buildings and construction materials” of 0.7%. Conversely, those relating to the banking sector and mining decreased by 0.5% and 1.5% respectively.
On the central equity market, the average daily volume reached MAD 261.8 million against MAD 227 million last week.
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