Bank Al-Maghrib reports Dirham decline against Dollar and Euro

Bank Al-Maghrib reported that the Moroccan Dirham decreased by 0.2 percent against the US Dollar and 0.7 percent against the Euro between September 3 and September 9. During this period, no foreign exchange auctions were conducted.

Official reserve assets reached 502.1 billion dirhams as of September 4, representing a 0.4 percent increase from the previous week and a 21.1 percent increase year-on-year. The central bank's daily average interventions amounted to 151.1 billion dirhams, consisting of seven-day advances, long-term repurchase operations, and secured loans.

In the stock market, the MASI index rose by 1.7 percent. Notable sectoral increases included the mining index at 4.6 percent and the banking index at 1.7 percent, while the telecommunications and pharmaceutical sectors saw declines of 2.7 percent and 4.9 percent, respectively.