The Moroccan dirham has appreciated by 0.5% against the US dollar, while it has depreciated by 0.4% against the euro during the period from June 19 to June 25, according to Bank Al-Maghrib in its weekly publication.
The central bank noted that there were no auctions conducted in the exchange market during this period. It also indicated that official reserve assets remained stable at 400.7 billion dirhams as of June 20, reflecting a year-on-year increase of 9.4%.
Regarding its interventions in the money market, Bank Al-Maghrib reported that it injected an average of 126.9 billion dirhams daily, consisting of seven-day advances worth 48.5 billion dirhams, long-term repurchase operations amounting to 44.6 billion dirhams, and secured loans totaling 33.9 billion dirhams.
The average daily trading volume in the interbank market reached 4.8 billion dirhams, while the interbank rate stabilized at 2.25%. During the auction process on June 25, the central bank injected seven-day advances worth 53.2 billion dirhams.
On the Casablanca Stock Exchange, the “MAZ” index continued its upward trend, recording a 3% increase during the week, bringing its performance since the beginning of the year to 24.6%. This development is primarily attributed to gains in several sectors, including banks at 2.6%, construction and building materials at 3.5%, telecommunications at 4.7%, real estate participation and recovery at 7.1%, and transportation services at 3.3%.
The weekly trading volume has remained relatively stable compared to the previous week, settling at 2.1 billion dirhams, most of which took place in the central stock market.
