The Moroccan Dirham almost stable from September 9 to 15

The dirham has remained virtually stable against the euro and the US dollar during the period from September 9 to 15, 2021, according to Bank Al-Maghrib (BAM).

During this period, no auction operations were carried out on the foreign exchange market, BAM reports in its latest weekly indicators bulletin.

As of September 10, the outstanding official reserve assets of Bank Al-Maghrib stood at 312.4 billion dirhams (MMDH), virtually stagnant from one week to the next and up by 5, 5% year-on-year, says the Central Bank.

In addition, the overall outstanding amount of Bank Al-Maghrib interventions stands at MAD 90.2 billion, of which MAD 31.7 billion in the form of 7-day advances on call for tenders, MAD 30.9 billion in the form of operations. repo delivered, 26.7 billion dirhams within the framework of support programs for the financing of very small, small and medium-sized enterprises (TPME) and 1 billion dirhams in respect of foreign exchange swap operations.

On the interbank market, the average daily volume of trade stood at 5.4 billion dirhams and the interbank rate stood at 1.50% on average, notes the same source, adding that during the call for offers of September 15 (value date September 16), BAM injected an amount of MAD 36.6 billion in the form of 7-day advances.

On the stock market, the Masi appreciated 1.2% during the same period, bringing its performance since the start of the year to 14.2%. This change mainly reflects the increases in the sector indices of “buildings and construction materials” of 2.5%, of “banks” of 0.5% and of “distributors” of 4.1%.

Conversely, those of real estate and portfolio / holding companies fell by 1.9% and 4.3% respectively, continues BAM.

As for the overall volume of trade, it amounted to 1.1 billion dirhams after 498.7 million dirhams (MDH) a week earlier, BAM reported, noting that on the central equity market, the average daily volume stood at 227.5 MDH against 93 MDH last week.


error: Content is protected !!