Heba Press / Rabat
The Bank of Morocco indicated that the exchange rate of the dirham fell by 0.12 percent against the euro and increased by 0.34 percent against the US dollar, during the period from October 31 to November 5, 2024.
The Bank of Morocco explained, in its weekly bulletin, that no tender procedure was carried out on the foreign exchange market during this period.
The same source adds that as of November 1, official reserve assets amounted to 360.6 billion dirhams, recording a drop of 0.5% from one week to the next and an increase of 1.2%. on an annual basis.
On the other hand, during the week from October 31 to November 5, Bank Al-Maghrib pumped, on a daily average, 150.7 billion dirhams, distributed between 7-day advances amounting to 61.6 billion dirhams. dirhams, long-term repurchase operations and guaranteed loans. equivalent to 51.8 billion dirhams and 37.3 billion dirhams respectively.
At the interbank market level, the average daily trading volume reached 3.9 billion dirhams, while the interbank rate reached 2.75% on average.
During the call for tenders on November 7 (deadline November 7), the bank injected an amount of 63.5 billion dirhams in the form of advances for a period of 7 days.
Regarding the stock market, the MASI index increased by 0.8 percent from October 31 to November 5, bringing its year-to-date performance to 18.2 percent.
This weekly development mainly reflects an increase in indicators for the “buildings and construction materials” sectors by 2.5 percent, “transport services” by 1.7 percent and banks by 1.2 percent.
In contrast, the mining and retail sector indices recorded declines of 1 percent and 2.6 percent, respectively.
Concerning the weekly volume of transactions, it amounted to 1.4 billion dirhams, compared to 1.5 billion dirhams a week ago, and it was carried out mainly at the level of the Central Stock Exchange.
