The BLOM Stock Index (BSI) fell by 0.15% to reach 975.33 points over the last week. The market capitalization decreased from $9.52B last week to $9.50B to this week.
On average 21,724 of shares worth $178,901 were traded on the Beirut Stock Exchange (BSE) this week, compared to 1,060,285 shares worth $ 5.3M last week.
Regionally, during the past week, each of the S&P AFE 40 and the S&P Pan Arab Composite Large Mid Cap Index decreased by 1.06%, 0.97% respectively, while the MSCI Emerging Markets Index recorded a rise of 0.29%.
In the Arab World, the bourses of Egypt, UAE and Qatar were this week’s top gainers adding 3.43%, 2.32% and 1.25% respectively. Meanwhile, the market’s top loser was Morocco’s Stock Indices which closed the week in the red, retreating by 0.37%.
On the London Stock Exchange, the GDR shares of BLOM Bank, witnessed a weekly rise of 0.54% to stand at $9.25.
On the Beirut Stock Exchange (BSE), the banking sector grasped 61.28% of the total trading value, while the real estate sector captured the remaining 38.72%.
In the banking sector, Blom Bank’s GDR shares rose by a weekly 0.97% to $9.40.
As for the Blom Preferred shares Index (BPSI), it didn’t record any weekly change and stood at 86.39.
In the real estate sector, Solidere A and B shares fell by 0.14% and 4.17% and to stand at $6.99 and $6.89 respectively.
The Beirut Stock Exchange recorded a weak activity this week. This may be linked to the persistent deadlock following the promises of forming a government by the New Year. However, the financial results of the listed Lebanese banks, which are expected to be released during this month, might offset the slowdown in the trading activity.