BSI  Ended 2021 On High Note

7/1/202229/12/2021% Change
BLOM Stock Index      1,003.884       1,029.358-2.47%
Average Traded Volume           18,658            57,077-67.31%
Average Traded Value         160,122       1,786,347-91.04%


This week, the BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis decreased by 2.47% reaching 1,003.884 on January 07, 2022. The Market capitalization on the Beirut Stock Exchange (BSE) witnessed a decrease from $10.55B to $10.28B. The average volume and value of trades also totaled 18,658 shares worth $160,122 compared to 57,077 shares worth $1,786,347 last week.

Regionally, the major Arab markets witnessed a better performance this week. The S&P AFE 40 and the S&P Pan Arab increased weekly by 1.43%, and 0.93%, respectively. Meanwhile, MSCI decreased by 0.46% compared to last week. Moreover, in the Arab World, the bourse of Qatar, KSA and Egypt were the top gainers this week, and witnessed an increase by 2.40%, 2.06%, and 1.22%, respectively. Meanwhile, least gainers were UAE, Tunisia and Bahrain with each a drop of 0.66%, 0.45% and 0.28% for this week.

On the Beirut Stock Exchange (BSE), the real estate sector grasped the lion’s share of the BSE’s trading value with a stake of 91.41%, while banking and the industrial sectors grasped the rest with stakes of 8.44% and 0.14%, respectively. The most noteworthy trades throughout the mentioned period included:

  • Solidere (A) shares retreated by 3.15% to $31.62/share
  • Solidere (B) shares decreased by 6.39% to $31.19/share
  • HOLCIM increased by 3.47% to $20/share
  • Audi (GDR) contracted by 5.79% to $1.79/share

As for the BLOM Preferred Shares Index (BPSI), it remains the same at 44.99 by the end of this week.

Beirut Stock Exchange (BSE) ended up the year 2021 on a high note. The BSI jumped by 56.46% from 657.887 points on 30/12/2020 to 1,029.358 points on 29/12/2021. Although last year was considered volatile yet the stock market in Lebanon witnessed an outstanding performance backed by the surge in solidere prices where several political and economic developments shaped the depositors appetite to invest in real estate stock. However, the outlook of the stock market in Lebanon for the upcoming period would be subject to the ongoing political turmoil and economic situation. Despite the higher trading volume on the Beirut Stock Market, some remain hesitant to invest in the Lebanese stock market as their moves would remain pending an IMF reform plan and restructuring of debt.

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