The dirham’s value remained nearly stable against both the euro and the US dollar from January 23 to 29, according to Bank Al-Maghrib (BAM).
During this period, no foreign exchange auction operations were carried out, as stated in BAM’s weekly report.
Official reserve assets amounted to 369.4 billion dirhams (BMD) on January 24, marking a 0.3% weekly increase and a 4.2% rise year-on-year.
Regarding BAM’s interventions, the daily average stood at 136.9 billion dirhams for the week of January 23 to 29, with 55.1 billion dirhams in 7-day advances, 51.3 billion in longer-term repurchase agreements, and 30.5 billion in secured loans.
On the interbank market, the average daily trading volume was 3.4 billion dirhams, with an average interbank rate of 2.5%.
In the stock market, the MASI index rose 2.1% from January 23 to 29, bringing its year-to-date performance to 9%, driven by gains in banking and telecommunications sectors. Weekly trading volume decreased from 2.9 billion dirhams to 1.8 billion dirhams.
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