The Central bank reported that the dirham exchange rate improved by 0.3% against the euro but decreased by 0.34% against the US dollar during the period from October 10 to 16.
The central bank clarified in its weekly bulletin that no tender operations were conducted in the foreign exchange market during this period.
It further noted that official reserve assets reached 361.5 billion dirhams as of October 11, marking a decline of 1.6% week-on-week and an increase of 2.4% year-on-year.
Additionally, Bank Al Maghreb injected an average of 146.8 billion dirhams daily, distributed among 7-day advances totaling 58.2 billion dirhams, long-term repurchase operations, and secured loans amounting to 51.9 billion dirhams and 36.7 billion dirhams, respectively.
In the interbank market, the average daily trading volume reached 3.6 billion dirhams, with an average interbank rate of 2.75%.
During the auction on October 16 (with a maturity date of October 17), the bank injected 61.9 billion dirhams in the form of 7-day advances.
Regarding the stock market, the “Masi” index fell by 2.2%, bringing its performance since the beginning of the year to 14.4%.
This weekly development primarily reflects declines in the participation and real estate promotion sectors by 8.2%, construction and building materials by 3.3%, and banking by 0.9%.
Conversely, the transportation and leisure sector indices recorded increases of 8% and 1.8%, respectively.
As for the weekly trading volume, it reached 1.3 billion dirhams compared to 1.2 billion dirhams the previous week, mainly occurring in the central stock market.
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