| 8/3/2024 | 1/3/2024 | % Change | |
| BLOM Stock Index | 1,729.314 | 1,720.833 | 0.49% |
| Average Traded Volume | 21,039 | 158,022 | -86.69% |
| Average Traded Value | 507,016 | 8,883,928 | -94.29% |
The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis increased weekly by 0.49% to reach 1,729.314 on March 8, 2024 up from 1,720.833 on March 1, 2024. Meanwhile, the market capitalization on the Beirut Stock Exchange (BSE) increased weekly from $17.64B to $17.72B. The average volume and value of trades also totaled 21,039 shares worth $507,016 compared to 158,022 shares worth $8,883,928 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 85.91%, while the banking sector and industrial sector grasped the respective remaining shares of 12.05% and 2%. The most noteworthy trades throughout the mentioned period included:
As for the BLOM Preferred Shares Index (BPSI), it remained constant at 39.62 by March 08, 2024.
The Arab stock market fluctuated this week as S&P Pan Arab dropped by 1.67% to stand at 995 points while MSCI increased by 0.32% to reach 1,027.95 points by the end of this week. Moreover, the bourse of Egypt and Tunisia expanded respectively by 8.07% and 1.07% while bourse of Qatar, UAE and Saudi Arabia contracted respectively by 2.34%, 1.29% and 0.42% by March 08, 2024.
In the US, S&P 500 expanded by 0.41% to stand at 5,157.96 points by March 08, 2024 compared to the previous week. As for Europe’s stock market, DAX Germany and CAC 40 France expanded respectively by 0.54% and 1.21% to stand at 17,831.18 and 8,030.2 points by March 08, 2023 while FTSE Britain decreased by 0.21% weekly to reach 7,666 points by the end of this week. Elsewhere, NIKKEI contracted by 0.56% by the end of the week to stand at 39,688.94 points by March 08, 2024.