BSI Expanded Over the Course of the Week

The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis increased weekly by 1.01% to reach 1,646.48 on July 19^th, 2024 up from 1,629.95 on July 12^th, 2024. Similarly, the market capitalization on the Beirut Stock Exchange (BSE) rose weekly from $16.71B to $16.87B. The average volume and value of trades also totaled 17,617 shares worth $1,178,374 compared to 84,079 shares worth $1,924,532 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 99.87%, while the banking sector grasped the remaining 0.02%. The most noteworthy trades throughout the mentioned period included:

• Solidere (A) shares rose by 3.15% to settle at $72.1 / share
• Solidere (B) shares declined by 1.2% to settle at $70.15 / share
• Audi shares increased by 0.65% to settle at $1.55 / share

As for the BLOM Preferred Shares Index (BPSI), remained 31.8 by July 19, 2024.

The Arab stock market expanded this week as S&P Pan Arab and MSCI rose respectively by 2.28% and 0.02% to stand at 966.75 and 1,111.46 points by the end of this week. Moreover, the bourse of Saudi Arabia, UAE and Tunisia rose respectively by 3.43%, 2.42%, and 1.37% while bourse of Qatar contracted by 1.25% by July 19^th, 2024.

The US market contracted this week as S&P 500 and NASDAQ fell respectively by 0.72% and 2.25% to stand at 5,544.59 and 17,871.22 points by July 19^th, 2024, compared to the previous week.

Europe’s stock markets contracted this week as DAX Germany, CAC 40 France and FTSE 100 Britain fell respectively by 1.97%, 1.54% and 0.78% compared to the previous week to reach 18,230.28, 7,562.99 and 8,181.53 points by July 19^th, 2024. Furthermore, NIKKEI Japan declined by 2.74% to reach 40,063.79 points by July 19^th, 2024 compared to the previous week.

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