- 16:10Portugal, Spain, and Morocco unite for 2039 Women’s World Cup bid
- 15:30Morocco enters the international Arab League of Legends championship
- 15:00Chile deepens ties with Morocco as Andean support strengthens
- 14:30Escalating violence against app drivers: taxi union raises alarm
- 13:30Major tin deposit discovered near Meknès, Morocco
- 12:50Moroccan pharmacists raise concerns over impending health reforms
- 12:20Morocco enhances military capabilities with SpyX drone acquisition
- 11:45Al Amoudi’s legal battle: Morocco stands firm against financial pressure
- 11:15Air Arabia Maroc launches direct flights from Nador to Murcia
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Weather
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11°C/20°C
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Sunday
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13.2°C/18.4°C
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Monday
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14.2°C/20°C
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Tuesday
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15.1°C/26.9°C
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Wednesday
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17.1°C/21.2°C
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Thursday
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16.2°C/16.2°C
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Prayer times
RABAT2025-04-05
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Appreciation of the Dirham and Market Trends (January 02-08, 2025)
Between January 02 and 08, 2025, the Moroccan dirham showed a positive trend, appreciating by 1.4% against the euro and 0.6% against the US dollar, according to Bank Al-Maghrib (BAM). During this period, no foreign exchange operations were conducted, as highlighted in BAM's weekly report.
As of January 3, 2025, official reserve assets stood at 373.2 billion dirhams, reflecting a slight decrease of 0.6% from the previous week but a 4.9% year-on-year increase.
The weekly average of BAM's market interventions was 144.2 billion dirhams. These interventions included 60.2 billion dirhams in 7-day advances, 49.6 billion dirhams in longer-term repurchase agreements, and 34.3 billion dirhams in guaranteed loans.
In the interbank market, the average daily trading volume returned to 2.6 billion dirhams, with the interbank rate averaging 2.5%.
On January 8, BAM injected 53.4 billion dirhams in 7-day advances through a tender, effective January 9.
The stock market also saw positive movement, with the MASI index increasing by 6.4%. This increase was driven by notable growth in several sectors, including a 6% rise in the banking sector, 7.2% in building and construction materials, 13.8% in transport services, and 16.2% in real estate investments and promotion.
Weekly trading volume on the stock market decreased from 7.3 billion dirhams to 4.2 billion dirhams, with almost all activity concentrated in the central equity market.
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