فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
Rabat: The Moroccan Dirham (MAD) appreciated by 2.3% against the US Dollar and depreciated by 0.6% against the Euro, according to Bank Al-Maghrib (BAM) in its latest weekly indicators bulletin.
During this period, no auction operations were carried out in the foreign exchange market, BAM noted. Regarding official reserve assets, they stood at MAD 384.8 billion as of April 10th, down by 2.1% compared to the previous week but up by 7.3% year-on-year, the same source indicated.
Over the same period, the average daily volume of BAM’s interventions amounted to MAD 131 billion. This was broken down into MAD 49.3 billion in 7-day advances, as well as longer-term repurchase agreements and guaranteed loans for respective amounts of MAD 49.8 billion and MAD 32 billion. In the interbank market, the average daily volume of exchanges returned to MAD 3 billion, and the average interbank rate stood at 2.25%.
During the tender of April 16th (value date April 17th), the Bank injected MAD 49 billion in the form of 7-day advances.
On the stock market, the MASI index recorded an increase of 6.8%, following a 9.3% decline in the previous week, bringing its year-to-date performance to 15.9%. With the exception of the “Forestry and Paper” sector, which saw a decrease of 0.2%, other sectors showed performances ranging between 2.4% and 18.4%.
In particular, the “Banks” index rose by 3.7%, “Building and Construction Materials” by 6.6%, “Transport Services” by 10.9%, “Telecommunications” by 7.5%, and “Electricity” by 18.4%.
Regarding valuation, the Price-to-Earnings Ratio (PER) increased week-on-week from 22.9 to 24.5. As for the weekly trading volume, it decreased from MAD 4.6 billion to MAD 2.7 billion in one week, mainly realized in the central equity market.
