Beirut’s Bourse Closes Negative this Week

The BLOM Stock Index (BSI) declined by a marginal 0.08% to end the week on Sept.13   at 793.58 points. As for the Market capitalization, it increased from $7.71B on September 06 to stand at $7.76B this week. Meanwhile, the average traded Volume of listed shares dropped from 106,839 shares last week to 83,854 shares this week. Correspondingly, the average traded Value also slipped from $508,259  to $327,757 this week.

Regionally, the MSCI Emerging Markets equity Index added a weekly 1.93% while the S&P AFE 40 and the S&P Pan Arab Composite Large Mid Cap equity index slipped by a weekly 1.76%.and 1.93%, respectively.

Among the regional equity bourses, the top gainers of this week were the bourses of Qatar and Egypt which registered the respective upticks of 2.03% and 1.19%. Meanwhile, the top losers were the bourses Saudi Arabia Tunisia which fell by the respective weekly rates of 2.77% and 0.67%.

The Real estate (RE) sector grasped the majority of total values of shares traded on the Beirut Stock Exchange (BSE) this week; with a stake of 51.20% of the total trading value while the banking sector grasped the 48.77% of the total.

In details, the listed shares of Byblos Bank lost a weekly 0.89% to reach $1.11. In addition, BLOM listed shares added a weekly 0.27% to $7.30 by the week ending Sept. 13, 2019.

In the real estate sector, Solidere A shares slumped by a weekly 4.03% to reach $5.72 while Solidere B shares grew by 4.90% to settle at $5.99.

On the London Stock Exchange, BLOM and Audi GDR shares retreated this week by 1.44% and 2.16% to $6.85 and 3.62$, respectively.

Similarly, the Blom Preferred shares Index (BPSI) witnessed no change and stood at last week’s 80.07 points.



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