Rabat – The Moroccan Dirham depreciated by 0.2% against the US dollar and 0.4% against the euro during the week of March 27 to April 2, Bank Al-Maghrib (BAM) has reported
During this period, no auction operations were conducted on the foreign exchange market, according to BAM’s latest weekly indicators bulletin.
As of March 28, 2025, Morocco’s official reserve assets stood at MAD 371 billion (37.2 billion USD), remaining stable compared to the previous week and showing a 1.9% increase year-on-year.
In terms of BAM interventions, the daily average amounted to MAD 148.2 billion (14.8 billion USD), including MAD 66.5 billion (approximately 6.6 billion USD) in 7-day advances, along with MAD 49.8 billion (5 billion USD) in longer-term repos and MAD 32 billion (3.2 billion USD) in guaranteed loans.
On the interbank market, the daily average transaction volume was MAD 7.3 billion (730 million USD), and the interbank rate averaged 2.26%. During the April 2 auction (value date April 3), BAM injected MAD 51.7 billion (5.2 billion USD) in the form of 7-day advances.
The MASI index rose by 0.6% on the stock market, bringing its year-to-date performance to 19.6%. This growth reflected a 5.7% increase in the telecommunications index, a 3.1% rise in the agribusiness sector, and a 1.9% gain in transport services.
Meanwhile, the building materials and real estate promotion indices saw declines of 0.8% and 2.1%, respectively.
Regarding valuation, the Price-Earnings Ratio (PER) rose from 25.1 to 25.3 week-on-week.
Weekly trading volume decreased from MAD 4.9 billion (490 million USD) to MAD 1.9 billion (190 million USD), mainly conducted on the central equity market.
