Dividend Distribution Drove Down BSI by 0.64% on Friday

The Beirut Stock Exchange (BSE) closed in the red today, as the BLOM stock Index (BSI) lost 0.64% to end at 1,205.06, with a 2.97% year-to-date increase. In the banking sector, BLOM Bank common shares gained 2.08% to end the session at $9.80. In contrast, each of Bank Audi’s common shares, preferred shares “G” and GDR shares experienced declines of 3.85%, 2.91% and 2.22% to close at respective prices of $6.25, $100.00 and $6.60 following the bank’s dividend distribution on the 15th of the month. In addition, Bank Byblos listed shares traded with no change in price. In the real estate sector, Solidere “A” shares decreased by 0.09% to $11.02, while its “B” shares edged up by a similar percentage to close the session at $11.12.

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