The Lebanese Bourse Started the Week on a Sour Note

The Lebanese Bourse started the week on a sour note due to the poor performances in the real estate, banking and industrial sector. This translated into the BLOM Stock Index (BSI) decreasing by 0.38% to 1,189.47 points, yet still recording a 1.64% year-to-date increase. In the banking sector, Byblos Bank listed and Audi GDR shares lost 0.57% and 1.66% to settle at $1.75 and $6.50, respectively. In contrast, the only positive result was that of BLOM GDR shares, augmenting by 2.28% to $9.87. Bank Audi preferred shares class “F” traded with no change in price. In the real-estate sector, Solidere classes “A” and “B” shares dropped 0.36% and 0.18% to respective closing prices of $11.09 and $11.13. Similarly, in the industrial sector, HOLCIM shares plunged by 9.78% to end the session at $14.66.

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