Another Weak Transaction Volume on the BSE, amid a Steady Fx rate

 17/6/202210/6/2022% Change
BLOM Stock Index      1,451.784       1,475.940-1.64%
Average Traded Volume           71,458            45,51657.00%
Average Traded Value      2,505,605       1,988,86925.98%

This week, the BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis recorded a decrease by 1.64% to reach 1,451.784 on June 17, 2022. The Market capitalization on the Beirut Stock Exchange (BSE) decreased weekly from $15.12B to $14.88B. The average volume and value of trades also totaled 71,458 shares worth $2,505,605 compared to 45,516 shares worth $1,988,869 last week.


The national currency has also succeeded again this week to maintain a stable rate, due to the BDL’s intervention through the circular 161. It seems that the FX rate will remain stable in this period, at least during the summer season, as Lebanon is expecting thousands or millions of tourists, and expatriate. As such, maintaining a stable FX rate can establish some sort of minimum political and economic stability.


In the Arab region this week, the S&P Pan Arab, S&P AFE 40 and MSIC decreased all by 4.90%, 3.90%, and 5.53%, respectively compared to last week. Moreover, this week the bourse in KSA and Qatar decreased by 6.18% and 4.10%, 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 97%, while industrial stock grasped 0.46% and the banking sector grasped the remaining of 2.54%. The most noteworthy trades throughout the mentioned period included:


  • Solidere (A) shares decreased by 2.95% to settle at $62.50/share
  • Solidere (B) shares decreased by 1.88% to settle at $62.60/share
  • HOLCIM shares increased by 10% to settle at $27.50/share
  • Ciment Blancs (N) shares increased by 15.81% to settle at $7.25/share
  • Audi GDR shares decreased by 1.27% to settle at $1.55/share
  • Audi shares decreased by 2.35% to settle at $1.66/share
  • Byblos shares decreased by 2.67% to settle at $0.73/share


As for the BLOM Preferred Shares Index (BPSI), it recorded a decrease from 41.54 to 40.66 by the end of this week.


This week, the BSI witnessed weak transactions in term of volumes and values. The stability of Fx market due to the intervention of BDL through circular 161 is making investors less keen to execute transactions on the BSE for the hedging purpose. Interesting to note that both real estate and banking saw their stocks fall, but industry’s (Cement) shares went up.

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