26/3/2021 | 19/3/2021 | % Change | |
BLOM Stock Index | 833.91 | 814.74 | 2.35% |
Average Traded Volume | 104,919 | 111,979 | -6.30% |
Average Traded Value | 1,604,972 | 2,273,095 | -29.39% |
The BLOM Stock Index (BSI) compiled by BLOMInvest Bank on a daily basis increased by 2.35% since March 19, 2021 to reach 833.91 on March 26,2021. The Market capitalization on the Beirut Stock Exchange (BSE) increased from $8.35B to $8.55B on March 26, 2021. Moreover, the average volume and value of trades during the week ending March 26, 2021 totaled 104,919 shares worth $1,604,972, compared to 111,979 worth $2,273,095 during last week.
Regionally, the major Arab markets witnessed worsening performance this week. In details, the MSCI index, , the S&P Pan Arab index, and the S&P AFE 40 Composite index all decreased weekly by 4.37%, 0.85% and 1.17%,respectively. In the Arab World, the bourse of Tunisia was the top gainers this week, as it increased by 3.69%. In contrast, the bourse of UAE (Abu Dhabi) and Qatar were the worst performers for this week declining by 4.10% and 1.33%, respectively.
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 94.25%, while the banking grasped 4.82%, and the industrial sectors grasped 0.93%. The most noteworthy trades throughout the mentioned period included:
As for the BLOM Preferred Shares Index (BPSI), it remained unchanged this week at 46.06 points.
This week, Beirut Stock Exchange (BSI) had also an uptick backed on the steady rise of Solidere’s and banks stocks. Since Lebanon’s economy started to deteriorate, Solidere’s stocks have been attracting investors which gave it a boost that it had not seen in years. In fact, Solidere stocks seem now to dominate local financial investments in the country.