The Dirham appreciated by 2.3% against the American dollar and depreciated by 0.6% against the euro, according to Bank Al-Maghrib (BAM). During this period, no auction transactions were carried out on the foreign exchange market, says BAM in its recent weekly indicators bulletin. Regarding official reserve assets, they stood at 384.8 billion dirhams (BMDH) as of April 10, down 2.1% compared to the previous week and up 7.3% year-on-year, the same source said

During this period, the volume of interventions by BAM reached MAD 131 billion on a daily average. It is divided between 7-day advances for an amount of MAD 49.3 billion as well as pensions delivered over a longer term and guaranteed loans for amounts of MAD 49.8 billion and MAD 32 billion respectively. On the interbank market, the average daily trade volume returned to MAD 3 billion and the interbank rate was 2.25% on

During the call for tenders on 16 April (value date on 17 April), the Bank injected an amount of MAD 49 billion in the form of 7-day advances.

On the stock market, MASI recorded an increase of 6.8%, after a fall of 9.3% a week earlier, bringing its performance since the beginning of the year to 15.9%. With the exception of “Forestry and paper”, which fell by 0.2%, the other sectors showed performances varying between 2.4% and 18.4%

In particular, the increase was 3.7% for the “Banks” index, 6.6% for the “Buildings and Construction Materials” index, 10.9% for “Transport Services”, 10.9% for “Transport Services”, 7.5% for “Transport Services”, 7.5% for “Telecommunications” and 18.4% for “Electricity”.

Regarding valuation, the Price Earning Ratio (PER) increased, from one week to the next, from 22.9 to 24.5. In terms of weekly trading volume, it returned from MAD 4.6 billion to MAD 2.7 billion in one week, mainly on the central equity market