Bank Al-Maghrib (BAM) indicated that during the period from April 27 to May 3, the dirham appreciated by 0.63% against the euro and by 0.64% against the dollar. American.
In its weekly bulletin, BAM specifies that during this period, no auction operation was carried out on the foreign exchange market.
As of April 28, 2023, official reserve assets stood at 358.3 billion dirhams (MMDH), down 0.3% week-on-week and up 8.9% year-on-year , says the same source.
During the week from April 27 to May 3, BAM’s total interventions amounted to 81.9 billion dirhams, including 40.2 billion dirhams in the form of 7-day advances on call for tenders, 21, 2 billion dirhams in long-term repos, and 20.6 billion dirhams in long-term guaranteed loans.
On the interbank market, the average daily volume of trade stood at 4.9 billion dirhams and the interbank rate stood at 3% on average during this period.
During the call for tenders of May 3 (value date May 4), the Bank injected an amount of 36.2 billion dirhams in the form of 7-day advances.
On the stock market, the MASI fell by 0.4%, bringing its poor performance since the start of the year to 2.9%.
This weekly evolution mainly reflects the declines in the indices of the “oil and gas” sectors by 3.7%, “hardware, software and computer services” by 2.3% and “buildings and construction materials” by 0.5%. %.
Conversely, those relating to the “REIT” and agro-food sectors increased by 3.5% and 1% respectively.
As for the overall volume of trade, it reached 1.3 billion dirhams against 196.7 million dirhams (MDH) a week earlier. On the central equity market, the average daily volume amounted to 323.4 MDH after 49 MDH.