The BLOM Stock Index (BSI) gained 0.03% over the past week to 1,151.81 points. The average weekly traded volume rose from 274,567 to 278,624 while the average traded value fell from $3.07M to $2.73M.
The market capitalization declined from $9.72B last week to $9.57B this week, as Audi Preferred “F” were redeemed and cancelled.
Regionally, the S&P Pan Arab Composite LargeMidCap Index, the S&P AFE40, as well as the MSCI Emerging Markets Index recorded respective rises of 2.82%, 3.23%, and 3.70%, over the past week.
In the Arab world, all gulf countries’ bourses increased on the back of the Fed’s statement this week . Qatar registered the largest gain with a 6.13% increase, followed by Dubai and Egypt’s stock markets with 4.01% and 3.39%, respectively.
On the Beirut Stock Exchange (BSE), the banking sector accounted for 60.28% of the total traded value, as the real estate sector grasped a share of 38.66% and the industrial sector contributed for the remaining 1.06% of total traded value.
Starting with the banking sector, BLOM Bank’s GDRs and listed shares added 1.32% and 0.27% over the past week to reach $12.31 and $11.26, respectively. However, Bank Audi’s GDRs and BEMO listed shares respectively fell by 0.82% and 3.53% over the same period to stand at $6 and $1.64.
As for the BLOM Preferred Shares Index (BPSI), it dropped by 0.08% to 104.74 points this Friday. Bank Audi’s preferred G shares gained 0.10% to $100.20 while Byblos Bank’s pref 2009 shares lost 0.10% to $101.10.
Bank of Beirut’s preferred shares “H”,”I”,”J”, “K” rose by 0.40% to stand at $25.25, each.
In the real estate sector, Solidere’s A shares grew by 1.95 % to $7.85 while Solidere B shares fell by 1.57% to $7.54, during this week’s performance.
In the industrial sector, Ciments Blancs’ nominal shares escalated by a weekly 3.18% to reach $1.62.
On the London Stock Exchange (LSE), BLOM Bank’s GDR shares dropped by 0.82% to $12.10, while Audi GDRs rose by 1.33% to $6.08.
In the upcoming period, the Lebanese bourse’s performance will be highly affected by the banks’ second quarter results, as well as, further political developments on the fiscal budget draft of 2017.