Bank Audi Ex-Dividend Date Drives Down Bourse

The Lebanese Bourse witnessed stronger activity, as the BLOM Stock Index (BSI) experienced 74,936 traded shares compared to the 17,855 shares traded on Tuesday. However, the BSI decreased by 1.82% to close at a low of 1,213.50 points on the back of 4 out of the 9 traded stocks ended in the red while the rest recorded no change in price. In the banking sector, Bank Audi common and GDR shares respectively lost 7.01% and 4.21% to settle at $6.50 and $6.60, due to the fact that the ex-dividend date for Audi shares, on the Beirut stock market, was yesterday and the record date being on April 14. Furthermore, Bank Byblos listed, preferred 2008 and 2009 shares traded with no change in price. Bank of Beirut and BLOM Bank listed shares also traded at their previous quote.  In the real estate sector, Solidere class “A” and “B” shares declined by 0.72% and 1.17% to $11.08 and $11.02, respectively.

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