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No auctions were held on the foreign exchange market during this period, BAM said in its weekly bulletin.
As of January 19, official foreign reserves stood at 354.1 billion dirhams (billion dirhams), down 0.6% week-to-week and up 5.8% year-on-year.
BAM’s interventions amounted to a daily average of 126.3 billion dirhams, of which 51.8 billion dirhams were in the form of 7-day advances, 48.2 billion dirhams were in the form of long-term pensions and 26.4 billion dirhams were guaranteed loans for outstanding ones Amounts.
In the interbank market, the average daily trading volume was MAD 1.7 billion and the interbank rate averaged 3%.
During the tender on January 24 (value date January 25), the central bank provided MAD 47.5 billion in the form of 7-day advances.
On the stock market side, MASI rose 0.9%, increasing its year-to-date performance to 5.1%. This weekly development mainly reflects increases in the indices of the “real estate investment companies” sector by 2.7%, the banking sector by 1.9% and the agri-food sector by 1.4%.
In contrast, the mining and construction and building materials sectors fell by 3.5% and 0.6%, respectively.
Weekly trading volume increased week-on-week from 646.8 million dirhams (MDH) to 2.2 billion dirhams, including 1.3 billion dirhams for Sanlam Maroc’s mandatory public tender offer for securities.
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