Their apartment remained almost stable against the euro and appreciated 0.12% against the US dollar between October 7-13, according to Al-Majrib Bank (BAM).
During the October 12 currency acquisition auction, Al-Majrib Bank held a total of $ 121 million (MDH) or the equivalent of MAD 1.1 billion (MMDH), listing the central bank in its latest weekly newsletter.
As of October 8, 2021 the outstanding official reserve assets remained almost stable, from week to week, with 322 billion dirhams. On a year-over-year basis, it grew by 9.3%, the same source said.
The total amount of Bank al-Majrib’s interventions stands at MAD 80.4 billion, including MAD 27.8 billion in the form of 7-day advances in tenders, 25.8 billion in the form of repo transactions delivered and 26.9 billion in small, medium and medium-sized business financing (TPME) support programs.
In the interbank market, the average daily trading volume was 3.1 billion dirhams and the interbank rate during this period averaged 1.50%.
During the call for tenders on October 13 (October 14), Al-Majrib Bank injected MAD 30.9 billion in 7-day advances.
On the stock exchange, the MASI index rose by 0.8%, bringing its performance from the beginning of the year to 16.8%. This change mainly reflects an increase in the electricity economy indices of 4.9% and in banks and “buildings and building materials” by 0.7%.
On the other hand, the indices of the transportation industries and of “holding companies and holding companies” decreased by 4% and 3.5%, respectively.
As for total trading volume, it stood at MAD 619.7 million compared to MAD 612.8 million a week earlier. In the main stock market, the average daily volume amounted to MAD 114.2 million after MAD 116.6 million a week earlier.