Demand for the dollar remained stable on the Lebanese Forex market during the week, as shown by the Lebanese pound’s peg against the dollar which maintained a quote of $/LP 1,510-1,514 with a mid-price of ... read more
As some banks published positive financial results over Q1, the Beirut Stock Exchange (BSE) performance was marginally boosted during the week. In details, the BLOM Stock Index (BSI) posted a weekly uptick ... read more
Lebanese Eurobonds market improved this week, moving against the tide, as both emerging and US bonds lost ground. This translated into the BLOM Bond Index (BBI) increasing weekly by 0.47% to 107.93 points, ... read more
The Beirut Stock Exchange ended the trading session on Thursday with no noticeable change, where the BLOM Stock Index (BSI) steadied at 1,194.05 points, as the banking and real estate sectors displayed ... read more
Byblos Bank’s net profits grew 6.67% year-on-year (y-o-y) to $32.76M in the first quarter (Q1) of 2015. This was due to the 12.76% increase in net interest income to $62.95M, which was partly offset by the ... read more
Bank of Beirut (BoB) ended Q1 2015 with a net profit of $40.55M, representing a 10.23% rise from the same period last year. This increase was primarily driven by the 16.45% y-o-y surge in net interest ... read more
The number of construction permits lagged behind in Q1 2015 by a yearly 23.23% to its lowest level in 6 years at 3,337 in Q1, compared to 4,347 in 2014. Noting that permits are usually issued at least 6 ... read more
BLC Bank’s board of directors invited its shareholders for an ordinary general assembly that will be held at the bank’s headquarters on May 12, 2015 at 12 pm. The meeting’s agenda will include hearings of ... read more
Poor demand for US Treasuries has affected the passive outlook for Lebanese Eurobonds on Wednesday. The BLOM Bond Index (BBI) slightly down ticked by 0.03% to settle at 107.93 points. The yield on the 10Y ... read more
During the three-week period starting March 12 to April 2 2015, broad Money M3 increased by LP 784B ($519.96M), to reach LP 177,868B ($117.99M) with a 5.00% year-on-year growth and 0.3% year-to-date ... read more
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