Moroccan Dirham Rises Against Euro, Falls vs Dollar; Reserves Stable at 233 Billion

As for interventions in the money market, BAM injected an amount of 73.9 MMDH, in the form of 7-day advances on a call for tenders.

Taking into account an amount of 2.3 MMDH, granted under the support program for MSME financing and 4.5 MMDH through a foreign exchange swap operation, the total volume of interventions amounts to 80.7 MMDH.

During this period, the interbank rate stood at 2.27% and the trading volume at 3.1 MMDH, the note informs, adding that, during the call for tenders on October 2 (value date October 3), BAM injected an amount of 69 MMDH in the form of 7-day advances.

On the stock market, the MASI appreciated by 0.3%, bringing its performance since the beginning of the year to 1.2%, the same source adds, noting that the weekly change in the benchmark index mainly reflects increases of 1.3% in the "agri-food" sector index, 0.5% for "building and construction materials" and 0.3% for "banks".

Conversely, declines were recorded for the indices of the "real estate", "mining" and "insurance" sectors with respective rates of 1.6%, 2.1% and 2.2%.