LA Bank Al-Maghrib (BAM) announced that the Dirham appreciated by 0.2% against the euro and depreciated by 0.5% against the American dollar during the period from 22 to 27 August.

No auction has been completed carried out on the foreign exchange market from 22 to 27 August according to BAM in its recent weekly indicators bulletin. Official reserve assets were established at 409.6 billion Dirhams (BMDH) as of August 22, up 0.4% from week to week and 13.2% year-on-year.

During this period, the volume of transactions of BAM stood at 136 billion MAD on a daily average. It is divided between advances in 7 days for an amount of MAD 59.1 billion, pensions delivered to more long-term (44 billion MAD) and guaranteed loans (32.9 billion MAD).

On the interbank market, the daily volume The average exchange rate fell to MAD 3.9 billion and the interbank rate was at 2.25% on average. During the tender on 27 August (value date 28) August), the Central Bank injected MAD 59.1 billion in the form of 7-day advances.

On the stock market, MASI appreciated by 3.1% from 22 to August 27, bringing its performance since the beginning of the year to 37%. This This change reflects in particular an increase of 5.5% in the index of “Buildings and construction materials”, by 2.5% for that of “Banks”, by 5.9% for “Transport Services” and of 3.7% for “Telecommunications”.

In terms of weekly trading volume, From one week to the next, it went from 1.5 billion MAD to 2.1 billion MAD, achieved mainly on the central “Shares” market.