BSI Recovery this Week

The BLOM Stock Index (BSI) recovered last week’s loss, registering a 1.30% rise to end this week at 858.26 points. Accordingly, the market capitalization climbed from $8.26B to $8.36B in the week ending June 21st.

As such, the average traded volume of listed shares rose from 96,187 to 126,496 this week. Meanwhile, the average traded value of shares dropped from last week‘s  $501,677 to this week’s $327,407.

Regionally, the MSCI Emerging Markets Index, S&P Pan Arab Composite Large Mid Cap, as well as the S&P AFE 40 all recorded weekly upticks of 3.81%, 0.24%, and 2.59% during the week.

In turn, the bourses of Morocco, Qatar, and Abu Dhabi were top gainers, as they ended the week adding 4.36%, 1.64%, and 1.63% , respectively. Meanwhile, the bourses of Egypt and Saudi Arabia witnessed weekly downticks of 0.97% and 0.80%, respectively.

On the Beirut Stock Exchange (BSE), the real estate sector accounted for 61.57% of the total traded value, while the banking and industrial sectors grasped the remaining shares of 36.26% and 2.17%, respectively.


In details, Audi GDR shares recorded a weekly loss of 2.50% to end the week at $3.90. Meanwhile, Byblos Bank’s listed shares registered a weekly growth of 1.65% to $1.23.


In the real estate sector, both Solidere A and B shares climbed by 16.03% and 15.83% to $6.37and $6.22, respectively.

In the industrial sector, listed shares of HOLCIM and Ciments Blancs whose financial statements were published earlier this week both recorded downticks of 5.59% and 1.48% over the week to stand at $13.5 per share and $2.66, respectively.

As for the BLOM Preferred shares Index (BPSI), it fell by a weekly 1.38% to stand at 83.70 points. This mainly came on the back of an 8.54% retreat in the price of Audi Bank Preferred “J” shares, which ended the week at $75.

On the London Stock Exchange, Audi Bank’s GDR shares added a weekly 2.05% to stand at $3.98.

The activity on the BSE in the upcoming weeks will be largely tied to the progress on finalizing a draft budget and thus a political consensus.


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