| 2/2/2024 | 26/1/2024 | % Change | |
| BLOM Stock Index | 1,938.384 | 1,810.836 | 7.04% |
| Average Traded Volume | 81,061 | 65,821 | 23.15% |
| Average Traded Value | 3,597,892 | 750,767 | 379.23% |
The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis jumped weekly by 7.04% to reach 1,938.384 on February 02, 2024 up from 1,810.836 on January 26, 2024. Meanwhile, the market capitalization on the Beirut Stock Exchange (BSE) rose weekly from $18.56B to $19,86B. The average volume and value of trades also totaled 81,061 worth $3,597,892 compared to 65,821 shares worth $750,767 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 98.63%, while the banking sector grasped the remaining shares of 1.37%. The most noteworthy trades throughout the mentioned period included:
Solidere (A) shares jumped by 13.42% to settle at $85.80/ share
Solidere (B) shares rose by 12.67% to settle at $88.05/ share
Blom GDR shares added 1.69% to settle at $3/share
BLOM Listed declined 6.67% to settle at $2.80/share
Byblos shares increased by 8.70% to settle at $0.75/share
As for the BLOM Preferred Shares Index (BPSI), it remained constant at 39.62 by February 02, 2024.
The Arab stock market contracted this week as S&P Pan Arab and MSCI decreased respectively by 1.91% and 0.67% to stand at 976.33 and 975.80 points by the end of this week. Moreover, the bourse of Egypt, Bahrain and UAE expanded respectively by 2.78%, 2.65% and 1.32% while bourse of Qatar, Saudi Arabia, and Kuwait contracted respectively by 2.88%, 2.03%, and 1.79% by February 02, 2024.
Major US stock indexes fell on Friday after the Federal Reserve’s policy statement left investors uncertain about the timing of future rate changes.in details, S&P 500 expanded by 0.25% to reach 4,906.19 points on Friday while NASDAQ dropped 0.96% to stand at 15,361.64 points by February 02, 2024 compared to the previous week.
As for Europe’s stock market, most of indices recorded a gain this week. DAX Germany, CAC 40 and FTSE 100 Britain expanded respectively, by 0.25%, 0.15% and 0.16% to stand at 16,977.57, 7,624.99 and 7,637.25 points by February 02, 2024. Elsewhere, NIKKEI registered an uptick by 1.14% by the end of the week to stand at 36,158.02 points by February 02, 2024.