| 15/3/2024 | 8/3/2024 | % Change | |
| BLOM Stock Index | 1,683.396 | 1,729.314 | -2.66% |
| Average Traded Volume | 19,623 | 21,039 | -6.73% |
| Average Traded Value | 578,832 | 507,016 | 14.16% |
The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis decreased weekly by 2.66% to reach 1,683.396 on March 15, 2024 down from 1,729.314 on March 8, 2024. Similarly, the market capitalization on the Beirut Stock Exchange (BSE) decreased weekly from $17.72B to $17.25B. The average volume and value of trades also totaled 19,623 shares worth $578,832 compared to 21,039 shares worth $507,016 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 59.72%, while the banking sector and industrial sector grasped the respective remaining shares of 1.91% and 38.38%. 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 15, 2024.
The Arab stock market improved this week as S&P Pan Arab rose by 0.77% to stand at 1,003.53 points and MSCI increased by 0.91% to reach 1,046.51 points by the end of this week. Moreover, the bourse of Saudi Arabia, Kuwait and UAE expanded respectively by 1.20%, 0.48% and 0.28% while bourse of Tunisia contracted by 0.22% by March 15, 2024.
In the US, S&P 500 expanded by 0.52% to stand at 5,150.48 points by March 15, 2024 compared to the previous week. As for Europe’s stock market, CAC 40 France, FTSE 100 Britain, and DAX Germany expanded respectively by 1.95%, 1.04% and 0.97% to stand at 8,184.74, 7,739.72, and 17,986.45 points by March 15, 2023.
Elsewhere, NIKKEI contracted by 2.47% by the end of the week to stand at 38,707.64 points by March 15, 2024.
Disclaimer :
This article is a research document that is owned and published by Blominvest Bank SAL.
No material from this publication may be modified, copied, reproduced, repackaged, republished, circulated, transmitted or redistributed directly or indirectly, in whole or in any part, without the prior written authorization of Blominvest Bank SAL.
The information and opinions contained in this document have been compiled from or arrived at in good faith from sources deemed reliable. Neither Blominvest Bank SAL, nor any of its subsidiaries or affiliates or parent company will make any representation or warranty to the accuracy or completeness of the information contained herein.
Neither the information nor any opinion expressed in this research article constitutes an offer or a recommendation to buy or sell any assets or securities, or to provide investment advice.
This research article is prepared for general circulation and is circulated for general information only.