| 5/4/2024 | 28/3/2024 | % Change | |
| BLOM Stock Index | 1,724.662 | 1,735.773 | -0.64% |
| Average Traded Volume | 5,769 | 55,292 | -89.57% |
| Average Traded Value | 347,177 | 826,438 | -57.99% |
The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis decreased weekly by 0.64% to reach 1,724.662 on April 5, 2024 down from 1,735.773 on March 28, 2024. Similarly, the market capitalization on the Beirut Stock Exchange (BSE) declined weekly from $17.79B to $17.68B. The average volume and value of trades also totaled 5,769 shares worth $347,177 compared to 55,292 shares worth $826,438 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 99.28%, while the banking sector grasped the remaining shares of 0.72%. The most noteworthy trades throughout the mentioned period included:
As for the BLOM Preferred Shares Index (BPSI), it remained constant at 39.62 by April 5, 2024.
The Arab stock market expanded this week as S&P Pan Arab rose by 0.6% to stand at 995.59 points by the end of this week. Moreover, the bourse of Tunisia and Saudi Arabia expanded respectively by 0.36% and 1.11% while bourse of Kuwait and Qatar contracted by 1.3% and 1.28% respectively by April 5, 2024.
In the US, S&P 500 contracted by 2.04% to stand at 5,147.21 points by April 5, 2024 compared to the previous week. As for Europe’s stock market, DAX Germany, CAC 40 France and FTSE 100 Britain contracted respectively by 1.95%, 2.01% and 0.56% to stand at 18,132.62, 8,040.97 and 7,907.8 points by April 5, 2024. Similarly, NIKKEI contracted by 3.41% by the end of the week to stand at 38,992.08 points by April 5, 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.