The BLOM Stock Index (BSI) decreased over the week ending July 26 by 0.75% to 840.55 points. Accordingly, the market capitalization dropped from $8.25B to $8.19B in the past week. As such, the Average traded volume of listed shares went from 50,119 shares to 114,078 shares this week, with the Average traded value of shares increasing from last week’s $352,738 to $433,236 this week.
Regionally, the MSCI Emerging Markets Index recorded a weekly uptick of 0.24%. However, the S&P Pan Arab Composite Large Mid Cap and the S&P AFE 40 registered upticks by 0.07% and 0.85% over the week.
In turn, the bourses of UAE, Qatar and Morocco were top gainers, as they ended the week adding 3.25%, 1.22%, and 0.80%, respectively. Meanwhile, the bourse of Saudi Arabia, Egypt and Tunisia recorded weekly downticks of 2.38%, 1.17% and 1.13%, respectively.
On the Beirut Stock Exchange (BSE), the real estate sector accounted for most of the trading this week, grasping 62.44% of the total traded value, while the banking sector grasped the remaining shares of 37.56%.
In details, Audi Bank’s GDR shares added 2.33% to end the week at $3.95. However, Blom Bank’s GDR shares and Audi Listed Banks shares retreated weekly by 2.50% and 0.26%, to reach $7.59 and $3.86, respectively.
In the real estate sector, Solidere A and B shares slumped by 5.19% and 5.24% to $6.21 and $6.15, respectively.
As for the BLOM Preferred shares Index (BPSI), it grew by 0.11% to 82.43 points.
On the London stock exchange, BLOM GDR shares fell by a weekly 0.68% to $7.35.