فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
The Bank of Morocco (Bank Al-Maghrib) reported in its latest weekly report significant movements in the Moroccan foreign exchange market and stock exchange during the period from July 18 to 24, 2024.
In the foreign exchange market, the Moroccan dirham appreciated by 0.14% against the euro, while it depreciated by 0.75% against the US dollar. The central bank confirmed that no tender operations were conducted in the foreign exchange market during this period.
Regarding reserves, official reserve assets showed a notable increase, reaching 362.2 billion dirhams as of July 19, recording a weekly increase of 0.2% and an annual increase of 5.2%.
In terms of liquidity, Bank Al-Maghrib injected an average of 143 billion dirhams daily into the market, distributed between short-term advances, long-term repurchase operations, and secured loans. The interbank market saw an increase in the average daily trading volume to 1.6 billion dirhams, with the interbank rate stabilizing at 2.75%.
As for the stock market, the MASI index rose by 0.4% during the mentioned week, bringing its year-to-date performance to 12.8%. This weekly increase was positively influenced by the performance of the metals, transportation, and construction materials sectors, while the telecommunications and banking sectors experienced slight declines.
Finally, the weekly trading volume on the stock exchange decreased from 2.2 billion dirhams to 1.2 billion dirhams compared to the previous week.
These developments reflect the dynamism of Moroccan financial markets and their interaction with local and global economic variables.
