Bank Al-Maghrib reported that the exchange rate of the dirham decreased by 0.58 percent against the euro and rose by 0.23 percent against the US dollar during the period from September 12 to 18.
In its weekly bulletin, Bank Al-Maghrib noted that no auction operations were conducted in the exchange market during this period.
The same source indicated that official reserve assets amounted to 366.1 billion dirhams as of September 13, marking a 0.6 percent increase from week to week and a 2.5 percent rise year on year.
Meanwhile, Bank Al-Maghrib injected an average daily amount of 151.5 billion dirhams, distributed between 7-day advances amounting to 67.8 billion dirhams, long-term repurchase operations, and guaranteed loans amounting to 48.4 billion dirhams and 35.2 billion dirhams respectively.
At the interbank market level, the average daily trading volume amounted to 2.5 billion dirhams, with the interbank rate averaging 2.75 percent.
During the auction on September 18 (due on September 19), the bank injected an amount of 64.5 billion dirhams in the form of 7-day advances.
On the stock market front, the “MASI” index rose by 1.2 percent, bringing its performance since the beginning of the year to 16.5 percent.
This weekly development reflects primarily an increase in the indices of the real estate sector by 3.5 percent, banks by 1.2 percent, and construction and building materials by 1.9 percent.
Regarding the weekly exchange volume, it reached 481 million dirhams compared to 1.3 billion dirhams the week before, primarily carried out in the central stock market.
