The BLOM Stock Index (BSI) Down by 1.11% This Past Week

The BLOM Stock Index (BSI) lost 1.11% over the past week to 1,155.92 points. The average weekly traded volume dropped from 187,286 to 118,874 and the average traded value declined from $2.83M to $1.67M.

The market capitalization declined from $9.87B last week to $9.76B this week.

Regionally, the S&P Pan Arab Composite LargeMidCap Index rose by 4.43%, the S&P AFE40 increased by a weekly 3.57% and the MSCI Emerging Markets Index recorded a 0.52% uptick over the past week.

In the Arab world, the Tunisian bourse and the Saudi bourse grew by 0.74% and 8.87% over the week while the stock exchanges of Abu Dhabi and Bahrain fell by weekly rates of 1.56% and 1.06%, respectively.

On the Beirut Stock Exchange (BSE), the banking sector accounted for 93.91% of the total traded value, while the real estate sector grasped a stake of 5.79%, and the industrial sector contributed for the remaining 0.29% of the total traded value.

BLOM Bank’s GDRs and listed shares added 0.42% and 0.72% over the week to reach $12.05 and $11.13, respectively. Bank Audi’s GDRs and listed shares fell by a weekly 3.23% and 3.07% to stand at $6.00 each.

Moreover, Byblos Bank’s listed shares grew by 1.24% to $1.63.

As for the BLOM Preferred Shares Index (BPSI), it dropped by 0.05% to 104.68 points. Bank Audi’s preferred G and I shares lost 0.30% and 0.20% to reach $100.20 and $101.00, respectively. In addition, Byblos Bank’s preferred 2008 shares fell by a weekly 0.49% to $101.00.

On the other hand, Byblos Bank’s preferred 2009 shares and Bank of Beirut’s Preferred H shares increased by weekly rates of 0.79% and 0.16% to end the week at the respective prices of $101.50 and $25.15.

In the real estate sector, Solidere’s A and B shares fell by 5.30% and 3.22% to $8.57 and $8.42, respectively.

In the industrial sector, Holcim’s shares lost 1.83% to $12.37 while Ciments Blancs’ Bearer shares grew from $2.80 last week to $3.45 this week.

On the London Stock Exchange (LSE), BLOM Bank’s GDR shares were the sole gainers with a 0.84% uptick to $12.00 while Bank Audi’s GDR shares and Solidere’s GDR shares were down by 1.64% and 5.55% over the past week to $6.00 and $8.68, respectively.

The process of implementing the new electoral law could affect the activity on the BSE after the Eid Holidays.



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