Lebanese Bourse Remained Barely Moved Today Despite Heavy Activity

Despite heavier trading, the Lebanese bourse barely changed from yesterday’s session. In this context, the volume of traded shares rose on Thursday by 10.6% to 560,468 worth $5.55M, compared to 507,000 valued at 4.20M. The BLOM Stock Index (BSI) down ticked by 0.002% to 1,185.56 points, recording a year-to-date gain of 1.31%. The banking sector constituted 95.41% of total traded value on the back of 500,165 BLOM Bank listed shares being cross traded. In details, BLOM Bank common and GDR shares respectively gained 0.32% and 0.50% to $9.53 and $10.05. In addition, Byblos Bank preferred 2009 shares increased by 0.20% to settle at $100.30. Meanwhile, Byblos Bank preferred 2008 and BLOM Bank preferred 2011 shares lost 1.38% and 0.10% to $100.30 and $10.10, respectively. Byblos Bank listed shares exchanged hands with no change in price. In the real estate sector, Solidere class “A” shares augmented by 0.09% to close the session at $11.44 while the class “B” shares edged down by 0.87% to $11.34.

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