Positive political developments on the Lebanese front, with bills being passed and talks on filling the presidential void, boosted the Lebanese during the week. Thus, the BLOM Stock Index (BSI) inched up 2.52% to end the week at 1,162.24 points. The average traded volume and value went up from to 105,198 shares worth $962,227 last week to 184,818 shares worth $1.79M. As for the market capitalization, it widened from $9.42B to $9.66B this week.
The BSI managed to outperform its regional peers, as the S&P Pan Arab Composite Large-Mid-Cap Index, the Morgan Stanley Emerging Markets Index (MSCI), and the S&P AFE 40 Index edged up by 0.69%, 0.11% and 0.08%, respectively.
In the Arab Bourses, Saudi Arabia was the best performer, increasing 2.91%, followed by the Beirut Stock Exchange. Kuwait ranked third, progressing by 1.21% during the week. In contrast, Qatar’s stock exchange, Muscat’s bourse and Egypt’s financial market were the weakest performers, dropping by 3.11%, 2.20%, and 2.15%, respectively.
Back to the Beirut Stock Exchange, the real estate sector captured 86.25% of the total traded value during the week while the banking sector grasped the remaining 13.75%.
In the real estate sector, Solidere shares classes “A” and “B” recovered during the week, surging by 17.42% and 11.97% to $11.19 and $10.76, respectively.
In the banking sector, BLOM GDR shares gained 1.05% to $9.65. In contrast, Audi GDR and listed shares lost 0.50% and 0.51%, during the week, to $5.97 and $5.90, respectively.
As for the performance of preferred shares, the BLOM Preferred Shares Index (BPSI) dropped a marginal 0.01% to 105.65 points. The preferred shares of Audi class “F” lost 0.10% to $101.4, while those of Byblos 2008 added 0.50% to end the week at $101.
Political and security developments on the Lebanese front and globally, will continue affecting the Lebanese Bourse, triggering the BSI to follow a see-saw path.
Positive political developments on the Lebanese front, with bills being passed and talks on filling the presidential void, boosted the Lebanese during the week. Thus, the BLOM Stock Index (BSI) inched up 2.52% to end the week at 1,162.24 points. The average traded volume and value went up from to 105,198 shares worth $962,227 last week to 184,818 shares worth $1.79M. As for the market capitalization, it widened from $9.42B to $9.66B this week.
The BSI managed to outperform its regional peers, as the S&P Pan Arab Composite Large-Mid-Cap Index, the Morgan Stanley Emerging Markets Index (MSCI), and the S&P AFE 40 Index edged up by 0.69%, 0.11% and 0.08%, respectively.
In the Arab Bourses, Saudi Arabia was the best performer, increasing 2.91%, followed by the Beirut Stock Exchange. Kuwait ranked third, progressing by 1.21% during the week. In contrast, Qatar’s stock exchange, Muscat’s bourse and Egypt’s financial market were the weakest performers, dropping by 3.11%, 2.20%, and 2.15%, respectively.
Back to the Beirut Stock Exchange, the real estate sector captured 86.25% of the total traded value during the week while the banking sector grasped the remaining 13.75%.
In the real estate sector, Solidere shares classes “A” and “B” recovered during the week, surging by 17.42% and 11.97% to $11.19 and $10.76, respectively.
In the banking sector, BLOM GDR shares gained 1.05% to $9.65. In contrast, Audi GDR and listed shares lost 0.50% and 0.51%, during the week, to $5.97 and $5.90, respectively.
As for the performance of preferred shares, the BLOM Preferred Shares Index (BPSI) dropped a marginal 0.01% to 105.65 points. The preferred shares of Audi class “F” lost 0.10% to $101.4, while those of Byblos 2008 added 0.50% to end the week at $101.
Political and security developments on the Lebanese front and globally, will continue affecting the Lebanese Bourse, triggering the BSI to follow a see-saw path.