The BLOM Stock Index (BSI) recorded a weekly uptick of 0.53% to 793.80 points by Sept. 27, 2019. The ensuing market capitalization over the week grew from $7.72B on September 20 to $7.76B this week. Meanwhile, the average traded volume of listed shares dropped from last week’s 202,360 shares to 32,409 shares this week. Correspondingly, the average traded value declined to $232,860, up from last week’s $3.13M
Regionally, activity on some of the major indices remained shy, such that the MSCI Emerging Markets equity Index slipped by 0.72% over the week. However, the S&P AFE40 and the S&P Pan Arab Composite Large Mid Cap equity index added 0.05% and 0.24% , respectively ,over the week ending Sept.27
The region’s top gainers this week were the bourses of Bahrain and KSA which registered the respective upticks of 2.08% and 1.28%. Nonetheless, the biggest losers over the week were those of Egypt and UAE, as they respectively fell by the respective weekly rates of 6% and 1.06%.
In the banking sector, BLOM GDR shares and BEMO listed shares dropped by 0.99% and 23.33% to end the week at $7 and $1.15, respectively. However, Byblos Listed Share added a weekly 0.91% to reach $1.11.
On the London Stock Exchange, the GDR shares of Bank Audi rose by weekly 1.60% to $3.82.
As for the Blom Preferred shares Index (BPSI), it recorded a loss of 0.37%, thereby ending the week at 80.41 points. In details, the downtick is attributed to the:
In the real estate sector, Solidere A and B shares recorded an increase by 5.85% and 8.43% to stand at $5.79, each.