The BLOM Stock Index (BSI) rose by 0.56% this past week to reach 1,169.16 points on January 19, 2018. Accordingly, the market capitalization reached $11.52B up from $11.46B last week.
In fact, an average of 87,353 shares worth $900,140 were traded compared to an average of 186,751 shares worth an average of $1.46M traded in the previous week.
The S&P AFE40, the S&P Pan Arab Composite Large Mid Cap Index and the MSCI Emerging Markets Index, all registered weekly increases of 2.05 %, 2.16% and 2.55%, respectively.
The Egyptian, Kuwaiti and Qatari bourses rose by weekly rates of 1.40%, 0.55% and 0.45%, respectively. Meanwhile, the Dubai and Abu Dhabi financial markets registered weekly losses of 0.32% and 0.21%, respectively.
On the BSE, the real estate sector grasped 55% of total traded value while the banking and industrial sectors represented 39% and 6%, respectively.
In the real estate sector, Solidere A and B shares rose by 1.13% and 0.86% to end the week at $8.09 and $8.11, respectively.
In the banking sector, BLOM Bank’s GDR shares slid by 0.39% to $12.85 while the bank’s listed shares gained 2.98% to $12.10.
Bank Audi’s GDR shares gained 3.12% to $5.95 while the bank’s listed shares fell by 3.17% to $5.80.
As for Byblos Bank’s listed shares, they rose by a weekly 1.89% to $1.62.
As for the BLOM Preferred Shares Index (BPSI), it recorded a 0.94% downtick to reach 106.69 points on account of the 2.67% and 0.95% weekly drops in the share price of Bank Byblos’s preferred 08 and 09 shares which settled at $102.10 and $103.90, respectively.
On the London Stock Exchange, BLOM Bank’s GDR shares slid by 1.54% over the week to reach $12.80.
In the industrial sector, HOLCIM’s listed shares added 8.63% to $15.48.