26/1/2024 | 19/1/2024 | % Change | |
BLOM Stock Index | 1,810.836 | 1,761.896 | 2.78% |
Average Traded Volume | 65,821 | 72,203 | -8.84% |
Average Traded Value | 750,767 | 671,422 | 11.82% |
The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis increased weekly by 2.78% to reach 1,810.836 on January 26, 2024 up from 1,761.896 on January 19, 2024. Meanwhile, the market capitalization on the Beirut Stock Exchange (BSE) rose weekly from $18,06B to $18,56B. The average volume and value of trades also totaled 65,821 worth $750,767 compared to 72,203 shares worth $671,422 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 79.91%, while the banking and industrial sectors grasped the remaining respective shares of 19.92% and 0.17%. 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 26, 2024.
The Arab stock market expanded this week as S&P Pan Arab and MSCI increased respectively by 1.46% and 1.18% to stand at 995.38 and 982.34 points by the end of this week. Moreover, the bourse of UAE, Saudi Arabia and Morocco expanded respectively by 2.73%, 1.69% and 1.59% while bourse of Tunisia contracted by 0.06% by January 26, 2024.
In the US, S&P 500 and NASDAQ expanded respectively by 1.12% and 1.3% to stand at 4,894.16 and 15,510.5 points by January 26, 2024 compared to the previous week. Indeed, economists are hopeful for a soft landing scenario in the Unites States as the fourth quarter GDP growth stood at 3.3%.
As for Europe’s stock market, DAX Germany, CAC 40 and FTSE 100 Britain expanded respectively, by 2.3%, 3.28% and 2.19% to stand at 16,935,16, 7613.36 and 7,625.43 points by January 26, 2023. Elsewhere, NIKKEI contracted by 0.59% by the end of the week to stand at 35,751.07 points by January 26, 2024.