The BLOM Stock Index (BSI) rose by 0.24% to reach 949.06 points over the last week. The market capitalization increased from $9.23B last week to $9.25B to this week.
On average 58,742 shares worth $415,815 were traded on the Beirut Stock Exchange (BSE) this week, compared to 103,404 shares worth $833,076 last week.
Regionally, during the past week, the MSCI Emerging Markets Index, the S&P Pan Arab Composite Large Mid Cap Index and the S&P AFE 40, increased by 2.99 %, 1.05% and 0.33% respectively.
In the Arab World, the bourses of Egypt, Bahrain, Dubai and Saudi Arabia were this week’s top gainers adding 4.59%, 1.26%, 2.12% and 1.48% respectively.
On the London Stock Exchange, the GDR shares of BLOM Bank fell by 1.12% over the week to $8.85, while
GDR shares of Audi witnessed a weekly rise of 1.05% to $4.80.
On the Beirut Stock Exchange (BSE), the real estate sector grasped 49.23% of the total trading value, while the banking and the industrial sector captured the remaining 47.2% and 3.53% respectively.
As for the Blom Preferred shares Index (BPSI), it recorded a slight weekly decrease of 0.01% and stood at 86.62 points on the back of the decrease in the preferred shares H of Bank of Beirut by 0.20%.
In the Banking Sector, during the last week, GDR shares of BLOM bank, BLOM Listed, and BEMO (C) decreased over the week by 1.22%, 0.55% and 1.27% to stand at $8.89, $9.05 and $1.55. As of the shares of Byblos Bank, it rose by a weekly 0.74% to stand at $1.36 by the week ending Feb 1,2019.
In the real estate sector, Solidere A and B shares rose by 4.52% and 2.67% to stand at $6.71 and $6.54 respectively while in the industrial sector, HOLCIM Liban fell by 1.10% to stand at $15.33.
Blom stock index closed this week in green for the first time since December 2018.
Lebanon announced the formation of a new government, on Thursday 31 Jan 2019, eight months after May’s election.in fact, the political optimistic environment and the financial results of the Lebanese banks that were published late this week might give a further push to the trading activity in the upcoming period.