The Board of Directors of Banque Libano-Francaise (BLF) decided to redeem its 1,000,000 BLF preferred shares 2010 Series 2 worth LP 10,000,000,000. These shares will be replaced by 1,000,000 common shares ... read more
Low demand for Lebanese Eurobonds pushed the BLOM Bond Index (BBI) down by 0.22% over the past week to reach 104.70 points. Thus, the BBI lagged behind the JP Morgan Emerging Markets’ Bond Index which ... read more
Continued poor performance in the real estate sector drove down the BLOM Stock Index (BSI) by 1.20% on Thursday to 1,112.54 ( its lowest point since October 2012). In the real estate sector, Solidere ... read more
On the London Stock Exchange (LSE), two out of the four listed Lebanese Global Depository Receipts (GDRs) were traded on Wednesday. In details, 25,003 GDRs of BLOM changed hands at a quote of $9.56, 0.42% ... read more
Demand for Lebanese Eurobonds regressed on Wednesday, which led the BLOM Bond Index (BBI) to drop by 0.07% to 104.78 points, broadening its year-to-date loss to 2.50%. Yields on the 5Y and 10Y Lebanese ... read more
At 16:30 Beirut time, the Euro was quoted at €/$ 1.0880, the equivalent of €/LBP 1,640.16, appreciating against the US Dollar by 0.17% from Wednesday’s close. Despite the latest Non-Farm Payroll (NFP) ... read more
According to the Ministry of Finance, transfers to EDL reached $315.46M up to March 2015, significantly lower than the $615.13M recorded during Q1 2014. Excluding EDL’s debt service, the reimbursements for ... read more
Despite improved trading activity, the Lebanese Bourse ended in the red for the 3rd consecutive session on Wednesday, mainly on the back of the continued negative performance in the real estate sector. The ... read more
On the London Stock Exchange (LSE), three out of the four listed Lebanese Global Depository Receipts (GDRs) were traded on Tuesday. In details, 19,238 GDRs of Solidere changed hands at a quote of $8.95, ... read more
Demand for short term Lebanese Eurobonds progressed on Tuesday but was offset by the weakened appetite for long term notes. Accordingly, the BLOM Bond Index (BBI) ticked down slightly by 0.01% to 104.86 ... read more
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