| 1/9/2023 | 25/8/2023 | % Change | |
| BLOM Stock Index | 1,793.074 | 1,839.581 | -2.53% |
| Average Traded Volume | 9,649 | 528,111 | -98.17% |
| Average Traded Value | 729,654 | 1,050,581 | -30.55% |
The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis recorded a weekly downtick of 2.53% to reach 1,793.074 on September 1, 2023 down from 1,839.581 on August 25, 2023. The market capitalization on the Beirut Stock Exchange (BSE) decreased weekly from $18.58B to $18.37B. The average volume and value of trades also totaled 9,649 shares worth $729,654 compared to 528,111 shares worth $1,050,581 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 92.64%, while the banking and industrials sectors grasped the remaining 6.98% and 0.38% shares respectively. The most noteworthy trades throughout the mentioned period included:
As for the BLOM Preferred Shares Index (BPSI), it remained constant at 39.62 by September 1, 2023.
The Arab stock market expanded this week as S&P Pan Arab and MSCI progressed weekly by 0.12% and 0.96% respectively by September 01, to stand at 940.92 and 980.33. Moreover, the bourse of Egypt and Saudi Arabia increased respectively by 3.66% and 0.75% while the bourse of Qatar and UAE contracted respectively by 1.64%, and 0.54%, by September 01, 2023.
Equity markets edged higher by the end of this week ahead of top tier data with market sentiment showed optimism despite softer yields and weaker US dollar. In the US, S&P 500 and NASDAQ increased respectively by 2.31% and 3.27% to stand at 4,507.66 and 14,034.97 by September 01, compared to the previous week.
In the same token, European stock markets recorded a better performance this week as DAX Germany, CAC40 France, and FTSE 100 added respectively 1.95%, 1.44% and 1.98% to stand at 15,937.40, 1,465.32 and 7,483.71 on September 01, 2023. Additionally, NIKKEI Japan recorded a weekly uptick of 3.44% to stand at 32,710.62 on September 01, 2023.