Demand for the dollar in the Lebanese Forex market declined during the week as the Lebanese pound’s peg against the dollar went from $/LP 1,507-1,511 with a mid-price of $/LP 1,509 to $/LP 1,506–1,510 with ... read more
The Beirut Stock Exchange (BSE) witnessed a pre-holiday boost this past week mainly on account of the strong performance in real estate shares Solidere A and B after the company announced earlier this week ... read more
According to Midclear, Fransabank completed the redemption of 500,000 non-listed preferred “A” shares 2008 on July 15th after full payments were made to their shareholders. The redemption was approved by ... read more
During the week ending July 2 2015, broad Money M3 increased by LP 223B ($147.76M), to reach LP 181,469B ($120.38B) with a 4.67% yearly growth and a 2.30% y-t-d uptick. Similarly, M1 went up by LP 480.76B ... read more
For the fourth time this week, the Lebanese bourse managed to close in the green despite the failure of 26th parliamentary session in electing a president. In fact, the BLOM Stock Index (BSI) rose by 0.08% ... read more
A slight improvement in demand for medium term Lebanese Eurobonds helped in enhancing the BLOM Bond Index (BBI) performance on Wednesday. In details, the Lebanese gauge revealed a 0.01% uptick to 107.08% ... read more
Retail activity in Lebanon maintained its steady progress over 2014 with the number of outstanding payment cards rising by a yearly 11.4% to 2.43M. In fact, 97.3% of total cards were held by residents in ... read more
The steel industry is the biggest industry in the world after oil and gas, with an estimated global turnover of $900B. Steel is the most widely exploited and recycled metal on earth. Its various forms and ... read more
During its annual ordinary general assembly held on July 13th, 2015, Solidere declared the distribution of cash-dividends and stock-dividends, which, combined, are equivalent to a distribution of ... read more
Demand for Lebanese Eurobonds slid over the past week as shown by the 0.11% decrease in the BLOM Bond Index (BBI) to 107.08 points. However, Lebanon’s BBI still managed to outperform the JP Morgan Emerging ... read more
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