Lebanon’s Commercial Banks’ Financial Statements to Determine BSE’s Performance


The BLOM Stock Index (BSI) rose by a weekly 0.44% to 1,160.50 points this Friday. During the week an average of 121,735 shares worth $1.20M were traded compared to an average of 151,761 shares worth $1.57M traded the week before.

The market capitalization also increased from last week’s $10.24B to $10.29B this week.

Regionally, the S&P Pan Arab Composite Large Mid Cap Index, the MSCI Emerging Markets Index and the S&P AFE40 dropped by weekly rates of 1.02%, 1.04% and 0.76%, respectively.

In the Arab world, the bourses of Egypt and Kuwait gained 2.69% and 0.07% over the past week while the bourses of Qatar and KSA dropped by 0.19% and 0.45% over the past week.

On the BSE, the real estate sector accounted for 59.09% of total traded value while the banking sector and the industrial sectors represented respective shares of 40.54% and 0.37%.

In the banking sector, BLOM Bank’s GDR shares rose by 0.96% to $12.62. Bank Audi’s GDR shares, BLOM listed shares, and Byblos shares slid by a weekly 0.84%, 0.09%, and 0.61% to $5.90, $11.59, and $1.62, respectively.

On the London Stock Exchange, Bank Audi GDRs declined by 1.68% to stand at $5.85.

As for the BLOM Preferred Shares Index (BPSI), it rose by 0.22% over the past week to reach 105.54 points. Bank Audi Pref I and Bank of Beirut Preferred H and I registered respective growths of 0.59% each to reach $101.70, and $25.5 for each BoB share.

In the real estate sector, Solidere A and B shares dropped by 3.62%, and 3.13% to $8.30 and $8.25, respectively.

In the industrial sector, Holcim shares fell by 2% to close at $13.23.

The upcoming week’s BSE performance will be determined by the release of the banks’ financial statements, next week.

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