bank<\/a> did not carry out any foreign exchange auctions, a detail noted in its weekly bulletin of key indicators.<\/p>\nMorocco\u2019s official reserve assets stood at MAD 384.8 billion ($38.5 billion) on April 10. While this marks a 2.1% drop from the previous week, the reserves grew 7.3% compared to the same time last year.<\/p>\n
BAM injected an average of MAD 131 billion ($13.1 billion) per day into the banking system. This support included MAD 49.3 billion in seven-day advances, MAD 49.8 billion ($4.93 billion) through longer-term repo agreements, and MAD 32 billion ($3.2 billion) in guaranteed loans.<\/p>\n
On the interbank market, daily transaction volumes settled at MAD 3 billion ($300 million). The average interest rate remained steady at 2.25%. In its April 16 tender operation, the central bank provided MAD 49 billion ($4.9 billion)\u00a0 in seven-day liquidity to the market.<\/p>\n
Meanwhile, the Casablanca Stock Exchange posted a strong rebound. The MASI index climbed 6.8%, making up for a steep 9.3% loss the previous week. Since the beginning of the year, the index has gained 15.9%.<\/p>\n
Nearly all sectors moved upward. Banks advanced by 3.7%, construction and building materials rose 6.6%, and telecommunications increased 7.5%. The most significant jumps came from transport services and electricity, which recorded gains of 10.9% and 18.4%, respectively. Only the forestry and paper sector closed slightly lower, dipping 0.2%.<\/p>\n
The market\u2019s price-to-earnings ratio edged up from 22.9 to 24.5, signaling a shift in valuation sentiment. Weekly trading volumes, however, declined from MAD 4.6 billion ($460 million) to MAD 2.7 billion ($270 million), with most activity focused on the central equities market.<\/p>\n
In short, the dirham gained<\/a> ground against the dollar, official reserves remained solid despite a slight dip, and the stock market bounced back strongly after a rough week. Most sectors saw gains, and trading activity eased but stayed focused on the central market.<\/p>\n","protected":false},"excerpt":{"rendered":"Rabat \u2013 The Moroccan dirham rose 2.3% against the US dollar and slipped 0.6% against the euro, according…\n","protected":false},"author":2,"featured_media":38623,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[22034,22035,51,22036,22037,2441,22038,16,15],"class_list":{"0":"post-38622","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bam","9":"tag-bam-report","10":"tag-business","11":"tag-dirham-morocco","12":"tag-dollar-and-dirham","13":"tag-markets","14":"tag-morocco-bam","15":"tag-uk","16":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114376610869326464","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/38622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=38622"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/38622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/38623"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=38622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=38622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=38622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}