The BLOM Stock Index (BSI) recorded a weekly loss of 0.28% this past week to stand at 1,166.78 points on February 16, 2018. However, the market capitalization slightly slid from $11.53B to $11.5B, this week.
In fact, an average of 68,462 shares worth $821,360 were traded this week, compared to an average of 393,022 shares worth $5.4M traded in the previous week.
The S&P AFE40, the S&P Pan Arab Composite Large Mid Cap Index, as well as the MSCI Emerging Markets Index all recorded weekly rises of 0.81%, 0.78% and 2.49%, respectively.
Regionally, the Kuwaiti Stock index and the Qatari bourses registered the largest upticks during the week with respective increases of 1.60% and 1.57%. However, Egypt’s and Dubai’s financial markets slid by 0.47% and 0.7%, respectively.
On the BSE, the banking sector grasped 60.14% of total traded value, while the real estate sector grasped the remaining 39.86%.
In the real estate sector, Solidere A and B shares slipped by 1.30% and 0.24% to $8.34 and $8.3, respectively.
In the banking sector, BLOM Bank’s GDR shares and Bank Audi GDR shares rose by 0.79% and 2.24%, to $12.75 and $5.9, respectively. Meanwhile, BLOM listed shares fell by a weekly 1.67% to stand at $11.80..
As for the BLOM Preferred Shares Index (BPSI), it witnessed no change during the week.
On the London Stock Exchange, BLOM Bank’s GDR and Bank Audi GDR shares fell by 1.19% and 1.71% over the week to reach $12.50 and $5.75, respectively. Byblos GDR shares rose by 0.66% to $76.5.
The performance of the bourse for the upcoming few weeks will most probably depend on future meetings regarding studying the 2018 draft state-budget.