Exceptional week in Lebanon, amid The Parliamentary Elections

13/5/20226/5/2022% Change
BLOM Stock Index      1,065.682   1,038.4512.62%
Average Traded Volume           85,877            48,40177.43%
Average Traded Value      1,803,792          698,167158.36%


This week, the BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis recorded an increase by 2.62% to reach 1,065.68 on May 13, 2022. The Market capitalization on the Beirut Stock Exchange (BSE) increased weekly from $10.64B to $10.92B. The average volume and value of trades also totaled 85,877 shares worth $1,803,792 compared to 48,401 shares worth $698,167 last week.


Lebanon is in front of exceptional days as the parliamentary election will happen this Sunday. It may be an end of an era for Lebanon, as Lebanese people are invited to vote right this time, and apply the accountability. The post-election phase will be important as the elected parliament will face several economic and political challenges, not least approving a credible IMF plan.


Regionally, Arab markets had a bad performance this week. The S&P Pan Arab, S&P AFE 40 index and the MSCI index decreased all by 5.27% and 5.09%, and 2.65% respectively. Moreover, the bourse in Kuwait, UAE and KSA recorded a decrease this week by 6.71%, 9.97% and 7.13%, respectively.


On the Beirut Stock Exchange (BSE), the real estate sector grasped the biggest share of the BSE’s trading value with a stake of 95.50%, while industrial stock grasped 2.12% and the banking sector grasped the rest of 2.38%. The most noteworthy trades throughout the mentioned period included:


  • Solidere (A) shares increased by 4.53% to $38.74/share
  • Solidere (B) shares jumped by 3.72% to $38.46/share
  • Blom GDR decreased by 2.73% to $2.85/share
  • Byblos retreated by 9.52% to $0.76/share



As for the BLOM Preferred Shares Index (BPSI), no major changes recorded during the period as it stood at 41.54 by the end of this week.


This week, the Beirut Stock Exchange (BSE) witnessed a weak performance despite the continuous increase of the real estate stocks (Solidere A and Solidere B). The stock market in Lebanon must play a bigger role in the Lebanese economy, as the awaited parliament should present new project and laws that can develop this market.


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