Blom Stock Index in Red this Week

The BLOM Stock Index (BSI) fell by a weekly 1.97% to stand at 954.46 points, by the week ending March 15 2019. Also, the market capitalization declined from last week’s $9.49B to $9.31B to this week. 

In details, an average of 2,813 shares worth $181,088 was traded this week, compared to an average of 90,748 shares worth $795,534 traded in the previous week.

Regionally, the S&P AFE 40, the S&P Pan Arab Composite Large Mid Cap and the MSCI Emerging Markets Index, registered weekly gains of 1.26%, 1.11%, and 0.44%, respectively.

In the Arab World, the bourses of Qatar, Saudi Arabia and Abu Dhabi were the week’s top gainers adding 1.94%, 1.22% and 1.69% respectively. Meanwhile, the stock markets of Tunisia, Morocco and Dubai were the biggest losers, registering the respective declines of 2.95%, 1.38%, and 0.78% by the week ending March 15.

 On the Beirut Stock Exchange (BSE), the Banking sector grasped 46.98% of the total trading value over the week while the real estate sector and the industrial sector captured the remaining share of 52.88% and 0.14% of total trading activity.

 In the real estate sector, Solidere A and B shares fell by 2.25% and 5.49% to stand at $6.07 and $6.02, respectively. As for the Industrial sector, the shares of HOLCIM Liban dropped by 1.29% to $15.30.

In the banking sector, BLOM Bank’s listed shares and Bank Audi’s listed shares registered weekly falls of 0.11% and 7.41% to $8.89 and $5.00 respectively.

 As for the BLOM Preferred shares Index (BPSI), it rose slightly by 0.96%, closing the week at 87.08 points on the back of the rise of  Byblos Preferred 09 by 9.86% to $76.90 that outpaced the fall of Audi preffered I shares  by 0.11% to $89.8.

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