Banking Stocks Lift BLOM Stock Index by 0.19% on Tuesday

The BLOM Stock Index closed Tuesday’s trading session with a 0.19% increase, settling at 1,207.03. Internal political skirmishes weighed negatively on real estate shares Solidere “A” and “B” which lost 1.06% and 2.40% to settle at $11.11 and $10.97, respectively. However, banking stocks continued to benefit from the banks’ positive end of year results. Accordingly, Bank Audi’s listed and GDR shares experienced gains of 1.53% and 1.11% to reach $6.60 and $7.25, respectively. Furthermore, Byblos Bank listed shares rose by 1.19% to $1.70 In the industrial sector, Holcim shares traded with no change in price.

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