The BLOM Stock Index (BSI) registered a weekly decrease of 1.83% to end this week at 849.86 points. Accordingly, the market capitalization dropped from $8.44B to $8.28B in the week ending July 5, 2019. As such, the average traded volume and value of listed shares fell from 93,004 shares worth $532,679 last week to 33,231 shares worth $321,161 this week.
Regionally, the MSCI Emerging Markets Index, the S&P Pan Arab Composite Large Mid Cap and the S&P AFE 40 recorded weekly uptick of 0.93% ,0.76% and 1.03%, respectively.
In turn, the bourses of Bahrain and Qatar were top gainers, as they ended the week adding 2.95%, and 1.17%, respectively. Meanwhile, the bourses of Morroco and Egypt witnessed weekly downticks of 0.61% and 0.73%, respectively.
On the Beirut Stock Exchange (BSE), the real estate sector accounted for 49.11% of the total traded value, while the banking and the industrial sectors grasped the remaining shares of 48.78% and 2.11%, respectively.
In details, Bank Audi listed shares and Audi Bank’s GDR shares recorded a weekly loss of 3.75% and 2.50% to end the week at $4 each. As for the BLOM Preferred shares Index (BPSI), it slid by 0.76% to 83.06 points, owing it to a weekly 3.19% decline in the price of Bank Byblos Preferred 08 shares, to $66.80.
On the London Stock Exchange, Blom Bank’s GDR grew by a weekly 5.63% to stand at $7.50 .
In the real estate sector, both Solidere A and B shares dropped by 6.73% and 6.97% to $6.24 and $6.27, respectively.
As for the Industrial sector, the shares of Ciment Blancs(N) rose weekly by 12.78% to $3 while the shares of HOLCIM Liban retreated by 4% to stand at $12.96