Global Equity Markets fluctuated this week

The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis dropped weekly by 1.16% to reach 1,831.272 on January 12, 2024 down from 1,852.777 on January 5, 2023. Meanwhile, the market capitalization on the Beirut Stock Exchange (BSE) decreased weekly from $18,99B to $18,77B. The average volume and value of trades also totaled 193,663 worth $15,576,171 compared to 13,840 shares worth $1,157,467 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 99.99%, while the banking sector grasped the remaining 0.01% share.  The most noteworthy trades throughout the mentioned period included:

• Solidere (A) shares dropped by 2.53% to settle at $79.05/ share
• Solidere (B) shares declined by 0.19% to settle at $79.95/ share
• Byblos Listed shares dropped by 1.43% to settle at $6.9/share

As for the BLOM Preferred Shares Index (BPSI), it remained constant at 39.62 by January 12, 2024.

The Arab stock market fluctuated this week as S&P Pan Arab increased by 0.63% to stand at 990.31 while MSCI declined by 1.31% to reach 988.97 points by the end of this week. Moreover, the bourse of Morocco, Egypt, and UAE expanded respectively by 1.51%, 0.67% and 0.41% while bourse of Saudi Arabia and Tunisia contracted respectively by 0.24% and 1.64% by January 12, 2024.

In the US, S&P 500 and NASDAQ expanded respectively by 1.77% and 3.17% to stand at 4,780.24 and 14,970.18 points by January 12, 2024 compared to the previous week. Indeed, economists are hopeful for a soft landing scenario in the Unites States as the labor market remains resilient and inflation gradually easing.

As for Europe’s stock market, DAX Germany and CAC 40 expanded respectively, by 0.66% and 1.41% to stand at 16,704,44 and 7,474.32 points by January 12, 2023. In contrast, FTSE 100 Britain contracted by 0.24% to stand at 7,637.32 points by January 12, 2024. Elsewhere, NIKKEI expanded remarkably by 6.59% by the end of the week to stand at 35,577.11 points by January 12, 2024.