The BLOM Stock Index (BSI) registered a weekly downtick of 0.99% to end this week at 841.46 points. Accordingly, the market capitalization dropped from $8.28B to $8.20B in the week ending July 12, 2019. As such, the average traded value of listed shares fell from $321,161 last week to $241,080 this week. However, the average traded volume of listed shares went from 33,231 shares to 48,168 shares this week.
Regionally, the S&P Pan Arab Composite Large Mid Cap and the S&P AFE 40 recorded weekly uptick of 1.53% and 1.30% respectively. However, the MSCI Emerging Markets Index declined weekly by 0.89%.
In turn, the bourses of Bahrain and Saudi Arabia were top gainers, as they ended the week adding 1.71%, and 1.38%, respectively. Meanwhile, the bourse of Egypt witnessed weekly downtick of 1.31%..
On the Beirut Stock Exchange (BSE), the real estate sector accounted for 51.63% of the total traded value, while the banking and the industrial sectors grasped the remaining shares of 48.12% and 0.25%, respectively.
In details, Blom Bank’s GDR shares and Blom Bank listed shares recorded a weekly loss of 1.56% and 0.12% to end the week at $7.58 and $7.99, respectively. Moreover, Bank Audi GDR shares and Bank Byblos listed shares followed the same trend and retreated weekly by 1.03% and 1.64% to stand at $3.90 and $1.22, respectively.
As for the BLOM Preferred shares Index (BPSI), it slid by 0.17% to 92.92 points, owing it to a weekly 4.72% decline in the price of Bank Byblos Preferred 09 shares, to $68.60.
In the real estate sector, both Solidere A and B shares dropped by 4.81% and 2.71% to $5.94 and $6.10, respectively.