The BLOM Stock Index (BSI) decreased by 0.13% to reach 979.99 points over the last week. The market capitalization declined from $9.54B, last week, to $9.52B this week.
On average, 180,769 shares worth $1.51M were traded on the BSE last week compared to 411,163 shares worth $2.55M in the week ending October 12.
Regionally, during the last week, , the S&P AFE 40, and the S&P Pan Arab Composite Large Mid Cap Index and the MSCI Emerging Markets Index recorded an drop of 2.73% and 3.23% and 2.57%, respectively.
In the Arab world, the bourses of Saudi Arabia , Egypt and UAE dropped by 3.88% , 2.48% and 1.97%, respectively .
On the London Stock Exchange, the GDR shares of BLOM Bank witnessed a drop of 6.93% over the week, to $9.40, while Audi GDR shares rose 1.63% to $4.98.
On the Beirut Stock Exchange (BSE), the real estate sector grasped 67.40% of the total trading value, while the banking, industries and retail sectors grasped 32.53% , 0.05% and 0.02%, respectively.
In the banking sector, during the last week, BLOM GDRs shares , and Audi GDRs shares declined by a weekly 5.00% and 2.91% to $9.50 and $5 ,respectively while BLOM Listed shares and BEMO shares rose by a weekly 1.06% and 0.65% to $9.50 and $1.56, respectively.
As for the BLOM Preferred shares Index (BPSI), it recorded a loss of 0.14%, thereby ending the week at 88.36 points. In details, the downtick over the past week is attributed to the:
In the real estate sector, Solidere A and B shares witnessed respective increases of 2.20% and 0.33% to stand at $6.05, each.
Moreover, in the manufacturing and retail sectors, HOLCIM and RYMCO listed shares witnessed and uptick of 1.51% to $16.85 . In the retail sector , RYMCO recorded a rise of 8.97% to $3.28.
The Beirut Stock Exchange remains very sensitive to Lebanon’s chronic political deadlocks. However, news about a new imminent government could certainly bring positivity for the Lebanese stock market.