The BLOM Stock Index (BSI) declined by 1.37% to reach 986.35 points over the last week hitting the lowest level since the beginning of the year. The market capitalization declined from $9.72B, last week, to $9.59B this week.
On average, 167,690 shares worth $1,569,838 were traded on the BSE last week compared to 77,579 shares worth $617,310, in the week ending August 31.
Regionally, during the last 2 week, the S&P AFE 40, the S&P Pan Arab Composite Large Mid Cap Index, and the MSCI Emerging Markets Index decreased by 0.20%, 0.45%, and 3.43%, respectively.
In the Arab world, the bourses of Tunisia and Saudi Arabia declined by 2.96%, and 0.41%, respectively while the bourses of Bahrain and UAE DFM witnessed an increase of 0.35% and 0.29%, respectively.
On the Beirut Stock Exchange (BSE), the banking sector grasped 93.28% of the total trading value, while the real estate sector grasped 6.72% .
In the banking sector, during the last week, BLOM GDR shares and BLOM listed shares dropped by 2.69% and 1.39% to end the week at $9.06 and $9.20, respectively. Moreover, Byblos listed shares decreased by 0.71% to $1.40. However, Audi GDR remained unchanged to end the week at $5.15.
On the London Stock Exchange, the GDR shares of BLOM Bank and Bank Audi declined by 6.32% and 0.96%, over the week, to $8.90 and $5.15, respectively.
As for the Blom Preferred shares Index (BPSI), it recorded a loss of 0.79%, thereby ending the week at 91.12 points. In details, the downtick over the past 2 weeks is attributed to the:
In the real estate sector, Solidere A and B shares decreased by 4.25% and 5.03% to stand at $6.53 and $6.42, respectively.
The political deadlock around the government’s formation continues to be reflected by a weak performance on the Lebanese stock exchange.