The BLOM Stock Index (BSI) fell over the week ending Aug 30 by 0.96% to settle at 796.76 points.
In turn, the Market capitalization fell from $7.84B on Aug 23 to $7.73B this week. Meanwhile, the Average traded volume of listed shares dropped from 67,197 shares to 40,027 over the same period, and the Average traded value correspondingly declined from $430,061 to $360,934 this week.
The main regional equity indices also slumped, with the MSCI Emerging Markets Index losing a weekly 0.57%, while the S&P Pan Arab Composite Large Mid Cap and the S&P AFE 40 registered weekly drops of 2.14% and 1.04%.
In turn, the top gainers of the week ending Aug 29 were the bourses of Egypt, Abu Dhabi and Qatar which recorded upticks of 3.49%, 2.41% and 3.17%, respectively. Meanwhile, the top loser were the bourses of KSA which recorded the weekly downtick of 5.04%.
On the Beirut Stock Exchange (BSE) this week, the banking sector continued to grasp the lion’s share or 86.61% of the total trading value, while the real estate (RE) and industrial sector each grasped 13..6% and 0.03% of the total, respectively.
In the banking sector, the listed shares of Audi Listed and BLOM GDR lost a weekly 1.07% and 0.14% to reach $3.70 and $7.09, respectively.
On the London Stock Exchange, BLOM GDR shares retreated by 0.71% to $6.95 this week.
As for the Blom Preferred shares Index (BPSI), it stood at 80.07 points by Aug. 30 2019, having slipped by a weekly 2.38% largely owing it to declines in the prices of the following shares:
- Audi Preferred J: fell by 6.73% to $69.95 this week.
- Byblos Preferred 2008 recorded a 1.52% downtick to $65.00
In the real estate sector, Solidere A and B shares slumped by 4.36% and 3.01% to $5.70 and $5.80, respectively. Moreover, industrial shares, namely HOLCIM’s, recorded a downtick by a weekly 2.33% $9.66.