The BLOM Stock Index (BSI) lost 0.39% over the past two weeks to 1,151.41 points. The average weekly traded volume rose from 118,874 to 274,567 and the average traded value also increased from $1.67M to $3.07M.
The market capitalization declined from $9.76B on 23/06/2017 to $9.72B this week.
Regionally, the S&P Pan Arab Composite LargeMidCap Index, the S&P AFE40, as well as the MSCI Emerging Markets Index recorded declines of 1.97%,1.81%, and 0.26%, respectively, over the past two weeks.
In the Arab world, the regional movers were the UAE and the Saudi bourses, which fell by 0.39% and 0.86%, respectively, over the past two weeks.
On the Beirut Stock Exchange (BSE), the banking sector accounted for 65.81% of the total traded value, as the real estate sector grasped a share of 33.94% and the industrial sector contributed for the remaining 0.25% of total traded value.
Starting with the banking sector, BLOM Bank’s GDRs and listed shares added 0.83% and 0.90% over the past two weeks to reach $12.15 and $11.23, respectively. Bank Audi’s GDRs and listed shares also rose by 2.5% and 3.33% over the same period to stand at $6.15 and $6.20, respectively.
As for the BLOM Preferred Shares Index (BPSI), it dropped by 0.02% to 104.66 points this Friday. Bank Audi’s preferred G shares and Byblos Bank’s pref 2009 shares lost 0.10% and 0.30% to reach $100.10 and $101.2, respectively. However, Byblos Bank’s preferred 2008 shares rose by 0.10% to $101.10.
In the real estate sector, Solidere’s A and B shares fell by 10.15% and 9.03% to $7.70 and $7.66, respectively.
In the industrial sector, Holcim’s shares gained 1.05% to $12.50, and Ciments Blancs’ Bearer shares rose from $3.45 to $3.58 this week.
On the London Stock Exchange (LSE), BLOM Bank’s GDR shares were the only movers, gaining 1.67% to stand at $12.20.
A slowing activity was depicted on the BSE over the past two weeks following the Fitr holidays. For the coming period, developments over the implementation of the new electoral law in addition to the draft budget of 2017 and the public sector’s salary scale will highly impact the trading activity.