[ad_1]
Friday, October 26
Bank Al-Maghrib announced that the dirham had risen 0.5% against the euro and dropped 0.7% against the dollar between 18 and 24 October.
In a note on its weekly indices, the central bank pointed out that there had been no sales on the foreign exchange market during this period. Net international reserves remained stable from week to week on October 19 at 223.6 billion dirhams, while the year-on-year decline was 1.4 percent, the source said.
With regard to the money market interventions, Bank Al-Maghrib has announced having injected a total of AED 70.3 billion, of which 68 billion in the form of advances over seven days at the request of D & # ™ s. offers and 2.3 billion from AED under the Small and Medium Business Financing Support Program. .
The note indicated that the discount rate had stabilized at 2.27% during this period, while the average trade volume was 3.9 billion AED, noting that at the time of Bidding on October 24 (due October 25), Bank Al-Maghrib had injected AED 70 billion. In the form of advances of seven days.
Regarding stock market activity, the same source said that the Maazi index recorded a slight decrease of 0.1% from 18 to 24 October, bringing its fall to 10.1% since the beginning of the year.
Bank Al-Maghrib added that the weekly change in the benchmark was mainly due to the decline in sectoral indicators of the "food industries" of 0.8%, banks (minus 1%) and inflation. Real estate (minus 3.7%). The construction, building materials and communications sectors decreased by 1.4% and 1% respectively.
Regarding the total volume of trade, Bank Al-Maghrib reported having reached AED 523 million, against AED 356.7 million the previous week, adding that the central stock market accounted for 96% of trade, an average daily volume of 100.2 million, 3 million dirhams last week.
Source link
