For the second week in a row,the Beirut Stock Exchange (BSE) registered a gain, albeit small, possibly feeding on the positive vibes from last week’s political dialogues between Lebanon’s different ... read more
The Central Bank of Lebanon has approved for Standard Chartered Bank to change its name to “Cedrus Bank S.A.L” and that as of 02/03/2015. This modification is a result of Cedrus Invest Bank acquiring ... read more
According to the Ministry of Industry, the value of Lebanese industrial exports amounted to $3.15B in 2014, down from 2013’s $3.38B and 2012’s $3.57B. On the other hand, the value of imports of machinery ... read more
After the issuance of new Eurobonds maturing in 2025 and 2030 last week, demand for Eurobonds was quite subdued this week. Accordingly, the BLOM Bond Index (BBI) slipped by a weekly 0.14% to 106.85 points. ... read more
Activity was slow on the Beirut Stock Exchange on Friday as trade occurred on only three shares. Real estate shares Solidere B shed 0.61% to end the week at $11.36 and pulled the BLOM Stock Index (BSI) ... read more
Demand for the dollar increased over the week, as reflected by the Lebanese pound’s peg against the dollar that went from $/LP 1,509-1,513 with a mid-price of $/LP 1,511 to $/LP 1,510-1,514 with a ... read more
As the BLOM Bond Index showed an uptick of 0.01% to 106.85 points, the yields on the 5Y and 10Y Lebanese Eurobonds remained unchanged at 5.26% and 6.10%, respectively. Furthermore, as the demand for ... read more
The BLOM Stock Index (BSI) got a boost from banking stocks on Thursday, as the gauge added 0.22% to close at 1,220.76 points. BLOM’s Global Depositary Receipts (GDRs) gained 1.42% to settle at $10.00 while ... read more
The Lebanese Eurobonds Market experienced two consecutive calm sessions as the BLOM Bond Index (BBI) down-ticked by 0.01% to 106.83 points. As the yield on the 5Y Lebanese Eurobonds remained 5.26% the ... read more
BLOM PMI fell to its lowest level in five month during February, registering 48.7 points from 49.5 points in January, still below the neutral mark 50 points. The monthly indicator revealed lower production ... read more
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