Most Stock Markets Rose Driven By Favorable US Core Inflation Data

17/01/202510/01/2025% Change
BLOM Stock Index2,540.802,702.69-5.99%
Average Traded Volume78,43345,03774.15%
Average Traded Value2,178,7641,724,60026.33%
Market Cap26,040,994,958.9927,700,228,543.29

The BLOM Stock Index (BSI) compiled by BLOM Invest Bank daily dropped weekly by 5.99% to 2,540.80 points on January 17th, 2025.

On the Beirut Stock Exchange (BSE), the real estate sector dominated trading, accounting for 92.86% of the exchange’s total trading value, while the remaining were by the banking sector (6.68%) and industrial sector (0.46%). The most noteworthy trades throughout the mentioned period included:

17/01/202510/01/2025% Change
Solidere A112.1126-11.03%
Solidere B118.9125-4.88%
Audi Listed2.82.559.80%
Byblos (C)1.171.25-6.40%
BLOM (GDR)5.45.31.89%
Audi (GDR)2.52.356.38%
17/01/202510/01/2025% Change
BLOM Preferred Shares Index27.5227.520.00%

As for the BLOM Preferred Shares Index (BPSI), it remained 27.52 on January 17th, 2025.

IndexCurrency17/01/202510/01/2025% Change
S&P 500USD5,937.345,827.041.89%
Dow JonesUSD43,153.1341,938.452.90%
NASDAQ CompUSD19,338.2919,161.630.92%

*Prices are as of the time of writing this report

US stock markets rose over the course of the week. S&P 500, Dow Jones, and NASDAQ increased by 1.89%, 2.90%, and 0.92% respectively recording 5,937.34, 43,153.13, and 19,338.29. The increase was driven by strong bank earnings and favorable core inflation data as it decreased from 3.3% annually in November to 3.2% annually in December 2024.

IndexCurrency17/01/202510/01/2025% Change
DAXEUR20,869.8820,214.793.24%
FTSE 100GBP8,496.598,248.493.01%
CAC 40EUR7,720.897,431.043.90%
STOXX600EUR523.65511.502.38%

*Prices are as of the time of writing this report

Across the Atlantic, main European stock markets rose over the course of the week as investors forecasting rate cuts by European Central Bank and Federal Reserve this year.

IndexCurrency17/01/202510/01/2025% Change
NIKKEIJPY38,451.4639,190.40-1.89%
Hang SengHKD19,584.0619,064.292.73%
Shanghai CompCNY3,241.823,168.522.31%

*Prices are as of the time of writing this report

Asians stock markets fluctuated over the course of week as Hang Seng and Shanghai Composite increased 2.73% and 2.31% respectively to record 19,584.06 and 3,241.82 points while Japanese NIKKEI dropped by 1.89% to reach 38,451.46 points.

IndexCurrency17/01/202510/01/2025% Change
MSCI Emerging MarketUSD1,066.671,057.100.91%

*Prices are as of the time of writing this report

As for the MSCI Emerging Market index, it increased this week by 0.91% to record 1,066.67 points.

IndexCurrency17/01/202510/01/2025% Change
S&P Pan Arab USD1,011.461,002.580.89%
EGX30 – EgyptEGP29,605.1229,444.650.54%
Saudi Stock ExchangeSAR12,256.0612,097.751.31%
Qatar Stock ExchangeQAR10,471.6910,441.530.29%
Abu Dhabi Securities ExchangeAED9,499.049,495.480.04%
Dubai Financial MarketAED5,211.735,228.32-0.32%

*Prices are as of the time of writing this report

All Arab stock markets rose this week except for Dubai Financial Market which declined by 0.32% to record 5,211.73 points.

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