The BLOM Stock Index (BSI) gained 0.06% over the past week to reach 1,148.58 points. The average weekly traded volume rose from 241,955 to 271,555 and the average traded value also increased from $2.15M to $2.2M.
The market capitalization remained stable at $9.53B this week.
Regionally, the MSCI Emerging Markets Index registered a 0.67% weekly rise, while the S&P AFE40 and S&P Pan Arab Indices recorded downticks of 0.28% and 0.30%, respectively, during this week’s performance.
In the Arab world, the bourses of Saudi Arabia, Qatar, and the UAE registered the largest gains for the week with respective weekly rises of 0.72%, 0.93%, and 0.33%, respectively. However, Bahrain’s and Egypt’s stock markets witnessed weekly losses of 0.92% and 0.23%, respectively.
On the Beirut Stock Exchange (BSE), the real estate sector accounted for 81.51% of the total traded value, while the banking sector and industrial sector each accounted for 18.40% and 0.09%, respectively.
In the real estate sector, Solidere A and B shares rose by 2.03% and 0.65% to end the week at $8.05 and $7.78, respectively.
In the banking sector, BLOM Bank GDR shares and Audi Listed shares increased by 0.16% and 0.17% to settle at $12.40 and $5.99, respectively. However, BLOM Bank’s and Byblos’ Listed shares fell by 0.88% and 0.61% to stand at $11.30 and $1.62, respectively.
In the industrial sector, the shares of Ciments Blancs (Bearer) gained 10% to stand at $3.85.
As for the BLOM Preferred Shares Index (BPSI), it rose by 0.02% to 104.94 points. In details, the Audi Preferred “G” shares and Bank of Beirut’s Pref.”H” shares each rose by 0.2% to stand at $100.50 and $25.30, respectively.
On the London Stock Exchange (LSE), BLOM Bank’s GDR shares gained 1.63% to $12.45, while Bank Audi’s GDR shares lost 1.48% to $6.00.
The BSI’s performance remained relatively weak this week as the Lebanese Army stepped up its attacks on Daesh (ISIS) following intermittent bombing in Lebanon’s northeastern border region. Further security developments may continue to weigh down on the Lebanese stocks’ performance in the upcoming weeks.