At 11:30 Beirut time, the Euro was quoted at $/€ 1.1287, the equivalent of €/LBP 1,701.52, appreciating against the US Dollar by 0.10% from Thursday’s close. The Euro was bullish versus the Dollar today ... read more
The value of cleared checks decreased by 8.21% during the first seven months of the year, illustrating lower business spending. In fact, the number of checks cleared by Banque du Liban amounted to 7.18M ... read more
During the week ending August 27, 2015, broad Money M3 increased by LP 307B ($203.43M), to reach LP 182,552B ($121.10B) posting a 4.74% yearly growth and a 2.91% y-t-d uptick. Similarly, M1 expanded by LP ... read more
Despite the tough economic and political challenges that Lebanon has been facing since 2011, the banking sector stayed hale and hearty, with assets exceeding 350% of GDP. The Alpha Group of Banks, the top ... 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
Amidst the continued political uncertainty, the BLOM Stock Index (BSI) dropped by 1.25% on Thursday to reach a 2-year low of 1,135.60, broadening its year-to-date loss to 2.96%. Nevertheless, the volume of ... read more
On the London Stock Exchange (LSE), none of the four listed Lebanese Global Depository Receipts (GDRs) traded on Wednesday. Thus, GDRs of BLOM, Audi, Byblos and Solidere remained at their previous quotes ... read more
Appetite for short term and medium term Lebanese Eurobonds was evident which caused the BLOM Bond Index (BBI) to uptick by 0.06% to 105.70 points. Yield on the 10Y Lebanese Eurobonds added 1 basis point ... read more
At 11:30 Beirut time, the Euro was quoted at $/€ 1.1192, the equivalent of €/LBP 1,687.19, depreciating against the US Dollar by 0.11% from Wednesday’s close. Upcoming U.S. weekly unemployment figures ... read more
According to the Association of Lebanese Car Importers, the number of newly registered commercial and passenger cars during the first 8 months of 2015 expanded by a mere 1.72% year-on-year (y-o-y) up to ... read more
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