BSI recorded a better performance this week

The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis recorded a weekly rise by 1.97% to reach 1,690.968 on July 21, 2023 up from 1,658.348 on July 14, 2023. The market capitalization on the Beirut Stock Exchange (BSE) increased weekly from $16.997B to $17.330B. The average volume and value of trades also totaled 38,396 shares worth $ 721,968 compared to 39,364 shares worth $982,441 last 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 93.68%, while banking sector grasped the remaining 6.32% shares The most noteworthy trades throughout the mentioned period included:

• Solidere (A) shares rose by 2.26% to settle at $74.7/ share
• Solidere (B) shares rose by 2.91% to settle at $74.2/ share
• Blom GDR shares rose by 11% to settle at $2.22/ share
• Blom Listed shares fell by 2.34% to settle at $2.5/ share
• Audi GDR shares rose by 0.72% to settle at $1.4/ share
• Byblos shares rose rose by 7.14% to settle at $0.75/ share

As for the BLOM Preferred Shares Index (BPSI), it remained constant at 39.62 by July 21^st, 2023.

In the Arab region, the MSCI dropped weekly by 1.02% by July 21, to stand at 1018.05. Meanwhile, S&P pan Arab slightly increased by 0.31% to stand at 965.41 by July 21. Moreover, the bourse of Qatar and Morocco expanded each respectively by 2.24% and 1.42%, while the bourse of UAE contracted by 0.46% by July 21, 2023.

In the US, S&P 500 increased weekly by 0.65% to stand at 4534.87, meanwhile NASDAQ dropped by 0.36% weekly to stand at 14,063.31 by July 21^st, 2023. Indeed, the resilient US labor market created stability.

Major European stock markets recorded a better performance this week as DAX, CAC40 France and FTSE 100 increased respectively by 0.22%, 0.45% and 2.89% to stand at 16,140.51, 1,480.8 and 7,649.5 respectively on July 21. Meanwhile, NIKKEI Japan dropped weekly by 0.27% to stand at 32,304.25 on July 21, 2023.