BSI down by 4.05% by the end of week  

The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis decreased weekly by 4.05% to reach 1,625.875 on April 26^th, 2024 down from 1,694.427 on April 19^th, 2024. Similarly, the market capitalization on the Beirut Stock Exchange (BSE) decreased weekly from $17.37B to $16.66B. The average volume and value of trades also totaled 11,938 shares worth $837,429 compared to 24,985 shares worth $1,752,115 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 92.03%, the industrial sector grasped the remaining 7.97% of the shares. The most noteworthy trades throughout the mentioned period included:

• Solidere (A) shares fell by 2.02% to settle at $72.9/ share
• Solidere (B) shares fell by 9.08% to settle at $67.1/ share
• HOLCIM shares declined by 10% to settle at $54/ share

As for the BLOM Preferred Shares Index (BPSI), it remained constant at 35.15 by April 26^th, 2024.

The Arab stock market fluctuated this week as S&P Pan Arab dropped by 2.07% to stand at 954.75 points while MSCI rose by 2.2% to stand at 1,034.69 points by the end of this week. Moreover, the bourse of UAE and Saudi Arabia contracted respectively by 1.5% and 1.98% while bourse of Tunisia and Kuwait expanded respectively by 1.17% and 0.26% by April 26^th, 2024.

In the US, S&P 500 and NASDAQ expanded respectively by 0.74% and 0.07% to stand at 5,048.42 and 15,611.76 points by April 26^th, 2024 compared to the previous week. As for Europe’s stock market, DAX Germany, CAC 40 France and FTSE 100 Britain expanded respectively by 1.91%, 0.61% and 3.51% to stand at 18,054.79, 8,037.19, and 8,109.91 points by April 26^th, 2024. Similarly, NIKKEI expanded by 2.34% by the end of the week to stand at 37,934.76 points by April 26^th, 2024.

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