In its weekly bulletin for the period from October 3 to 9, 2024, Bank Al-Maghrib reported that the dirham appreciated by 0.38% against the euro but depreciated by 0.52% against the US dollar during the week.
No foreign exchange auction operations were conducted.
As of October 4, foreign exchange reserves stood at 367.2 billion dirhams, down 0.1% from the previous week but up 3.7% year-over-year.
On the interbank market, the average daily trading volume was 2.7 billion dirhams, and the interbank rate was 2.75%. BAM injected 58.2 billion dirhams in 7-day advances on October 7.
The MASI index appreciated by 0.9%, bringing its year-to-date performance to 17%. Electricity and agri-food sectors saw gains, while transport and real estate sectors experienced declines. The weekly trading volume was 1.2 billion dirhams, down from 1.9 billion dirhams the previous week.
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