BSI Up by 0.77% to 980.94 points

The BLOM Stock Index (BSI) rose by 0.77% to reach 980.94 points over the last 2 weeks. The market capitalization increased from $9.49B, last week, to $9.56B this week. On average, 675,131 shares worth $4,221,889 were traded on the BSE in the last 2 weeks ending November 30 compared to 73,406 shares worth $386,064 traded in the week ending 16/11/2018.

Regionally, during the past 2 weeks, the S&P AFE 40, the S&P Pan Arab Composite Large Mid Cap Index declined by 0.55% and 0.34%, respectively while the MSCI Emerging Markets Index rose by 1.18%. In the Arab world, the bourses of Bahrain, Qatar and Morocco increased by 1.50%, 1.47% and 0.51% respectively, while the bourse of UAE and Egypt witnessed a decrease by 5.64% and 2.65%, respectively.

On the London Stock Exchange, the GDR shares of BLOM Bank and Bank Audi recorded a decrease of 2.54% and 0.41% to stand at $9.60 and $4.88, respectively. It is worth mentioning that the GDR shares of Byblos bank witnessed a rise of 2.67% to stand at $77, noting that the price hasn’t change since May 15 2018.

On the Beirut Stock Exchange (BSE), the Real Estate sector grasped 75.89% of the total trading value, while the banking and retail sectors captured the remaining 23.34% and 0.77%, respectively.

During the last 2 weeks, the GDR shares of BLOM Bank, Blom listed shares and the GDR shares of Bank Audi declined by 4.06%, 0.54% and 10.29%to reach $9.45, $9.25 and $4.71, respectively. Moreover, Audi Listed shares rose by 2.45% to stand at $5.02.

As for the BLOM Preferred shares Index (BPSI), it recorded an uptick of 0.14% to stand at 86.87. In details, the uptick over the past 2 weeks is attributed to the 1.41% rise in Byblos Preferred 08 share price to $72.

 In the real estate sector, Solidere A and B shares witnessed an important increase of 8.37% and 8.44% during the past 2 weeks to stand at $6.86 and $6.81, respectively. In the Retail sector, the shares of HOLCIM Liban declined by 3.37% to stand at $16.04.

Beirut Stock Exchange registered positive performance during this week after the holidays.


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