| 5/1/2024 | 28/12/2023 | % Change | |
| BLOM Stock Index | 1,852.777 | 1,995.233 | -7.14% |
| Average Traded Volume | 13,840 | 36,864 | -62.46% |
| Average Traded Value | 1,157,467 | 3,221,313 | -64.07% |
The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis dropped weekly by 7.14% to reach 1,852.777 on January 4, 2024 down from 1,995.233 on December 28, 2023. Meanwhile, the market capitalization on the Beirut Stock Exchange (BSE) decreased weekly from $20.45B to $18,99B. The average volume and value of trades also totaled 13,840 shares worth $1,157,467 compared to 36,864 worth $3,221,313 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 99.74%, while industrial sector grasped the remaining 0.26% share. The most noteworthy trades throughout the mentioned period included:
As for the BLOM Preferred Shares Index (BPSI), it remained constant at 39.62 by January 4, 2024.
The Arab stock market fluctuated this week as S&P Pan Arab increased by 1.44% to stand at 983.81 while MSCI declined by 1.93% to reach 1,003.13 points by the end of this week. Moreover, the bourse of Egypt, Saudi Arabia and UAE expanded respectively by 4.1%, 2.15% and 1.23% while bourse of Qatar and Tunisia contracted respectively by 0.92% and 1.03% by January 5, 2024.
In the US, S&P 500 and NASDAQ contracted respectively by 1.98% and 3.87% to stand at 4,688.68 and 14,510.3 points by January 5, 2024 compared to the previous week.
As for Europe’s stock market, DAX Germany and CAC 40 and FTSE Britain declined respectively, by 1.25%, 2.18% and 0.87% to stand at 16,493, 7,370.56 and 7,655.48 points by January 5, 2023. Similarly, NIKKEI contracted by 0.48% by the end of the week to stand at 33,377.42 points by January 5, 2024.