Upcoming Cabinet Regarding the Government Budget Boosted Activity on the Beirut Stock Exchange

Activity on the Beirut Stock Exchange (BSE), on Tuesday, was boosted by the upcoming cabinet session to discuss the government budget, as the BSI recorded a 0.17% increase to 1,194.91 points. In the real-estate sector, Solidere shares class “A” gained 0.62% to $11.33, while class “B” shares slid 0.09% to $11.25. In the banking sector, Byblos listed shares added 2.34% to $1.75. In contrast Bank of Beirut (BoB) preferred shares classes “E” and “H” dropped 3.77% each to close today’s session at the same price of $25.50. Moreover, BLOM preferred 2011 and BoB preferred shares class “I” decreased 0.49% and 2.50% to $10.10 and $25.35, respectively. Meanwhile BLOM GDR shares were traded with no change in price.

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