At 15:30 Beirut time, the Euro was quoted at $/€ 1.1306, the equivalent of €/LBP 1,704.38, depreciating against the US Dollar by 0.29% from Friday’s close. The Fed’s policy meeting on the 16th-17th of ... read more
Despite the improving tourism activity, and the contracting trade deficit, Lebanon’s Balance of Payment (BoP) remained in the red for the first 7 months of 2015, recording a deficit of $1.32B, compared to ... read more
Despite an imminent recovery on the global equity scene, uncertainty on the Lebanese political scene weighed heavily on the Lebanese Bourse during the week. Accordingly, the BLOM Stock Index (BSI) declined ... read more
The number and value of guarantees given by Kafalat declined by 28.81% and 23.53% in the first 8 months of 2015 to 415 worth $57.93M, respectively, compared to 583 guarantees worth $72.75M by August 2014. ... read more
Pursuant to its resolution dated June 9, 2015 to cancel all the Series “E” Preferred Shares and increase the Bank’s capital from L.L. 667,836,186,600 to L.L. 668,194,681,824, i.e. by an amount of L.L. ... read more
10/09/2015 03/09/2015 Change Year to Date BLOM Bond Index (BBI)* 105.716 105.708 0.01% -0.34% Weighted Yield** 5.75% 5.77% -2 73 Weighted Spread*** 420 418 2 -10 The ... read more
Despite a positive performance in the real estate sector, the Lebanese Bourse could not fully recover from Thursday’s decline. The BLOM Stock Index (BSI) lost 0.07% on Friday to 1,134.83 points following ... read more
On the London Stock Exchange (LSE), two of the four listed Lebanese Global Depository Receipts (GDRs) traded on Thursday. In the banking sector, BLOM GDRs gained 1.04% to settle at $9.70, noting that 611 ... read more
As demand for short term Lebanese Eurobonds continued to show improvement on Thursday, the BLOM Bond Index (BBI) marginally increased by 0.01% to 105.72 points, narrowing its year-to-date loss to 1.63%. ... read more
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