The BLOM Stock Index (BSI) declined by 0.21% to reach 971.69 points over the last week. The market capitalization declined from $9.46B, last week, to $9.44B this week.
On average, 172,552 shares worth $1.42M were traded on the BSE last week compared to 147,510 shares worth $949,176 in the week ending September 28th.
Regionally, during the last week, MSCI Emerging Markets Index, the S&P AFE 40, and the S&P Pan Arab Composite Large Mid Cap Index recorded an increase of 5.28%, 0.27%, and 0.42% respectively.
In the Arab world, the bourses of UAE, Qatar and Kuwait increased by 1.81% , 0.57% and 0.17%, respectively while the bourses of Morocco and Tunisia witnessed an increase of 0.34% and 0.36%, respectively.
On the Beirut Stock Exchange (BSE), the real sector grasped 64.74% of the total trading value, while the banking and real sectors grasped 33.77% and 1.49%, respectively.
In the banking sector, during the last week, BLOM GDRs shares rose by a weekly 1.21% to $9.21 while Audi GDRs shares deceased by a weekly 1.96% to $5.00.
On the London Stock Exchange, the GDR shares of BLOM Bank witnessed an increase of 5.56% over the week, to $9.50, while Audi GDR shares fell 1.96% to $5.00.
As for the Blom Preferred shares Index (BPSI), it recorded a loss of 0.58%, thereby ending the week at 89.30 points. In details, the downtick over the past week is attributed to the:
- 0.07% decline in Byblos’s Preferred 08 share price to $70.00
- 1.52% decline in the BLC Pref D share prices to $94.00
In the real estate sector, Solidere A and B shares decreased by 1.67% and 1.02% to stand at $5.90 and $5.80, respectively noting that Solidere A recorded the highest drop since the beginning of the year and reached $5.65 on Wednesday.
The new discussions that started in the past hours led by the Prime Minister of Lebanon Saad el Hariri could resolve the disputes over the cabinet formation and bring positivity for the Lebanese stock market.