Performance of BSE Remained Sluggish this Week

The BLOM Stock Index (BSI) fell by 2.15% to reach 959.87 points over the last week, recording one of its lowest values for the past period. The market capitalization dropped from $9.56B, last week, to $ 9.35B this week. On average 46,374 shares worth $1,17M were traded on the BSE in the last week ending December 7 compared to  675,131  shares worth $4.22M traded in the week ending 30/11/2018.

Regionally, during the past week, the S&P AFE 40, the S&P Pan Arab Composite Large Mid Cap Index rose by 1.31% and 1.25%, respectively while the MSCI Emerging Markets Index declined by 1.95%. In the Arab world, the bourses of Tunisia, Qatar and UAE ADX increased by 1.58%, 2.26% and 2.23% respectively, while the bourses of Egypt, UAE DFM and Bahrain were in red; they witnessed a respective declines of 7%, 3.31% and 0.66%.

On the London Stock Exchange, the GDR shares of BLOM Bank and Bank Audi recorded a decrease of 3.65%and 3.48%to stand at $9.25and $4.71 respectively.

On the Beirut Stock Exchange (BSE), the banking sector grasped 74.93% of the total trading value, while the real estate and retail sectors captured the remaining 23.94% and 1.13%, respectively.

During the last week, the GDR shares of BLOM Bank and  Audi Listed shares declined by 2.01%  and 5.38 %, to reach 9.26$ and 4.75$ respectively.

In the real estate sector, Solidere A and B shares witnessed a decrease of 8.16% and 6.17% during the past week to stand at $6.30 and $6.39, respectively. In the Retail sector, the shares of HOLCIM Liban recorded a downtick of 0.25% to stand at $16.00.

As for the BLOM Preferred shares Index (BPSI), it remains stable at 86.87.

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