Bank Al-Maghrib (BAM) said that between November 11 and 17, the dirham appreciated by 0.82% against the euro and depreciated by 1.36% against to the US dollar.
In its recent weekly bulletin, the Central Bank indicates that during this period, no offer was recorded within the framework of the currency auctions organized by BAM.
As of November 12, 2021, the stock of official reserve assets stood at MAD 323.8 billion, down 0.1% week-on-week and up 11.1% year-on-year annual.
During the week from November 11 to 17, 2021, Bank Al-Maghrib injected an amount of MAD 33.1 billion in the form of 7-day advances on call for tenders.
Taking into account the injections of 25.1 billion dirhams in the form of repo operations delivered and 24.6 billion dirhams within the framework of the support programs for the financing of the TPME, the total outstanding of Bank Al-Maghrib’s interventions comes to 82 , MAD 8 billion.
On the interbank market, the average daily volume of trade stood at MAD 2.9 billion and the interbank rate during this period stood at 1.50% on average, said the bulletin, noting that during the he call for tenders on November 17 (value date November 19), Bank Al-Maghrib injected an amount of 32.9 billion dirhams in the form of 7-day advances.
On the stock market, the MASI recorded a decline of 0.4%, reducing its performance since the start of the year to 17.7%. This change reflects depreciations of the “oil and gas” sector indices of 4.3%, of “software and IT services” of 3.1% and of banks of 0.9%.
Conversely, the indices of the real estate and mining sectors appreciated by 6% and 3.2% respectively.
On the central equity market, the overall volume of trade amounted to 707.8 million dirhams (MDH) after 627.4 MDH a week earlier. On the central equity market, the average daily volume amounted to MAD 133.9 million against MAD 119.7 million last week.