Bank Audi has completed a US$ 300 million capital increase by way of (i) a US$ 240 million rights offering of common shares initially to existing shareholders (including GDR holders) of the Bank and (ii) a ... read more
The Lebanese Eurobonds market regressed where the BLOM Bond Index (BBI) fell by 0.04% to 108.10 points. The 5Y and 10Y Lebanese Eurobonds’ yields steadied at 5.09% and 6.19%, respectively. The 5Y spread ... read more
Activity on the Beirut Stock Exchange (BSE) kept its upward trend for the third day, today, where the BLOM Stock Index (BSI) gained 0.11% to close the week at 1,173.54 points. Trade occurred at a volume ... read more
9/26/2014 9/19/2014 %Change YTD Euro / LP 1921.76 1940.91 -0.99% Euro / Dollar 1.2748 1.2875 -0.99% NEER Index** 137.89 136.53 1.00% 6.84% Demand for the dollar steadied over the prior week ... read more
The Lebanese gross public debt reached $65.62B in the first seven months of 2014, rising by 8.92% from its value in the same period last year. Debt in domestic currency, grasping a share of 60.28% of total ... read more
The Cabinet Formation in mid-February failed to boost investors’ sentiment that remained mostly stagnant. The number of construction permits slipped by 0.68% y-o-y to 11,311, noting that permits are ... read more
25/09/2014 18/09/2014 Change Year to Date BLOM Bond Index (BBI)* 108.104 108.202 -0.09% 2.33% Weighted Yield** 5.15% 5.14% 1 13 Weighted Spread*** 349 337 12 -81 Demand for Lebanon’s Eurobonds ... read more
Ernst and Young’s Hotel Benchmark Survey revealed that Beirut’s hotel occupancy rate increased by 12 percentage points (pp) year-on-year (y-o-y) to stand at 60% in August 2014. This triggered Revenue per ... read more
The Lebanese Eurobonds market slightly weakened where the BLOM Bond Index (BBI) dropped by 0.01% to 108.15 points. The 5Y and 10Y Lebanese Eurobonds’ yields steadied at 5.09% and 6.19%, respectively. The ... read more
Activity on the Beirut Stock Exchange (BSE) progressed for the second day, where the BLOM Stock Index (BSI) gained 0.20% to reach 1,172.22 points. Trade occurred at a frail volume of 17,893 shares worth ... read more
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