BSI Up by 0.5% by the end of week 

The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis increased weekly by 0.5% to reach 1,668.829 on May 31^st, 2024 up from 1,660.516 on May 24^th, 2024. Similarly, the market capitalization on the Beirut Stock Exchange (BSE) rose weekly from $17.02B to $17.1B. The average volume and value of trades also totaled 26,201 shares worth $1,835,440 compared to 43,932 shares worth $2,500,664 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 84.2%, the industrial sector grasped 15.13%, while the banking sector grasped the remaining 0.67%. The most noteworthy trades throughout the mentioned period included:

• Solidere (A) shares rose by 0.07% to settle at $70.05 / share
• Solidere (B) shares dropped by 0.43% to settle at $69.7 / share
• Byblos Listed shares rose by 11.67% to settle at $0.67 / share
• Holcim shares rose by 4.52% to settle at $65.85 / share
• CB(N) shares rose by 1.59% to settle at $32/ share

As for the BLOM Preferred Shares Index (BPSI), it remained constant at 35.15 by May 31^st, 2024.

The Arab stock market contracted this week as S&P Pan Arab and MSCI dropped respectively by 2.65% and 1% to stand at 911.35and 1072.11 points by the end of this week. Moreover, the bourse of Saudi Arabia, Qatar and Kuwait contracted respectively by 4.11%, 2.54% and 1.31% while bourse of Tunisia expanded by 1.19% by May 31^st, 2024.

The US market also contracted this week as S&P 500 dropped by 1.31% to stand at 5,235.48 points, meanwhile NASDAQ contracted by 1.09% to stand at 16,737.08 points by May 31^st, 2024 compared to the previous week.

Europe’s stock markets contracted this week as DAX Germany, CAC 40 France and FTSE 100 Britain declined respectively by 1.13%, 1.45% and 0.64% to stand at 18,482.06, 7,977.85, and 8,264.52 points by May 31^st compared to the previous week. Similarly, NIKKEI Japan declined by 0.41% to reach 38,487.9 points by May 31^st compared to the previous week.

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