BSI Expanded Over the Course of the Week

The BLOM Stock Index (BSI) compiled by BLOM Invest Bank on a daily basis increased weekly by 0.35% to reach 1,796.07 on August 2^nd, 2024 up from 1,789.88 on July 26^th, 2024. Similarly, the market capitalization on the Beirut Stock Exchange (BSE) rose weekly from $18.34B to $18.41B. The average volume and value of trades also totaled 36,918 shares worth $ 1,952,005 compared to 72,409 shares worth $3,846,365 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 97.69%, while the banking sector grasped the remaining 2.32%. The most noteworthy trades throughout the mentioned period included:

• Solidere (A) shares rose by 0.96% to settle at $80.65 / share
• Solidere (B) shares rose by 0.63% to settle at $80. 5 / share
• Audi GDR shares increased by 3.7% to settle at $1.4 / share

As for the BLOM Preferred Shares Index (BPSI), it decreased from 31.8 on July 26^th, 2024 to 27.78 on August 2^nd, 2024.

The Arab stock market expanded this week as S&P Pan Arab and MSCI rose respectively by 0.42% and 1.16% to stand at 967.92 and 1,084.77 points by the end of this week. Moreover, the bourse of Egypt, Kuwait and Qatar rose respectively by 0.93%, 0.83%, and 0.32% while bourse of Tunisia contracted by 0.79% by August 2^nd, 2024.

The US market contracted this week as S&P 500 and NASDAQ fell respectively by 0.23% and 0.94% to stand at 5,446.68 and 17,194.14 points by August 2^nd, 2024, compared to the previous week.

Europe’s stock markets contracted also this week as DAX Germany, CAC 40 France and FTSE 100 Britain fell respectively by 3.33%, 1.68% and 0.54% compared to the previous week to reach 17,804.52, 7,302.07 and 8,241.1 points by August 2^th, 2024. Furthermore, NIKKEI Japan declined by 4.67% to reach 35,909.7 points by August 2^nd, 2024 compared to the previous week.

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