Global Equity Markets Fluctuated this Week 

8/12/20231/12/2023% Change
BLOM Stock Index1,666.9731,621.3922.81%
Average Traded Volume35,7856,187478.39%
Average Traded Value2,199,351355,674518.36%
The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis rose weekly by 2.81% to reach 1,666.973 on December 08, 2023 up from 1621.392 on December 1st , 2023. Meanwhile, the market capitalization on the Beirut Stock Exchange (BSE) increased weekly from $16.61B to $17,09B. The average volume and value of trades also totaled 35,785 shares worth $2,199,351 compared to 6,187 worth $355,674 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 99.66%, while the banking and industrial sectors grasped respectively 0.13% and 0.21%.  The most noteworthy trades throughout the mentioned period included:
 Solidere (A) shares rose by 2.79% to settle at $69.9/ share
 Solidere (B) shares rose by 8.15% to settle at $70.35/ share
As for the BLOM Preferred Shares Index (BPSI), it remained constant at 39.62 by December 08, 2023.
The Arab stock market contracted this week as S&P Pan Arab and MSCI declined respectively by 0.18% and 0.73% to stand at 920.27 and 974.98 by the end of this week. Moreover, the bourse of Saudi Arabia and Tunisia expanded respectively by 0.43% and 0.21% while bourse of UAE,  Qatar and Morocco contracted respectively by 0.99%, 1.93% and 0.29% respectively by December 08, 2023.
In the US, S&P 500 and NASDAQ expanded respectively by 0.39% and 0.8% to stand at 4,585.59 and 14,340 points by December 8, compared to the previous week.
As for Europe’s stock market, DAX Germany, CAC France and FTSE 100 Britain rose respectively by 2.26%, 2.24% and 0.8% to stand at 16,696.6, 7,502.43 and 7,557.87 points by December 08, 2023. In contrast, in Japan, NIKKEI contracted by 3.36% by the end of the week to stand at 32,307.86 points by December 08 after a surprise downward revision of Japan’s third-quarter GDP.

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