Most Markets Down This Week Including BSI
| 15/11/2024 | 08/11/2024 | % Change | |
| BLOM Stock Index | 2,116.98 | 2,161.91 | -2.08% |
| Average Traded Volume | 67,670.40 | 51,197.20 | 32.18% |
| Average Traded Value | 1,078,074.00 | 4,580,836.00 | -76.47% |
| Market Cap | 21,697,201,087.29 | 22,157,734,308.39 |
The BLOM Stock Index (BSI) compiled by BLOM Invest Bank daily declined weekly by 2.08% to 2,116.98 points on November 15th, 2024.
On the Beirut Stock Exchange (BSE), the real estate sector dominated trading, accounting for 92.686% of the exchange’s total trading value, while the remaining were by the banking sector (7.313%) and industrial sector (0.01%). The most noteworthy trades throughout the mentioned period included:
| 15/11/2024 | 08/11/2024 | % Change | |
| Solidere A | 91.8 | 95.75 | -4.13% |
| Solidere B | 92.5 | 96 | -3.65% |
| HOLCIM Liban (prev.SCL) | 67.4 | 66.8 | 0.90% |
| Byblos (C) | 0.93 | 0.81 | 14.81% |
| Audi Listed | 1.84 | 1.7 | 8.24% |
| 15/11/2024 | 08/11/2024 | % Change | |
| BLOM preferred Shares Index | 27.78 | 27.78 | 0.00% |
As for the BLOM Preferred Shares Index (BPSI), it remained constant at 27.78 on November 15th, 2024.
| Index | Currency | 15/11/2024 | 08/11/2024 | % Change |
| S&P 500 | USD | 5,949.17 | 5,995.54 | -0.77% |
| Dow Jones | USD | 43,750.86 | 43,788.99 | -0.09% |
| NASDAQ Comp | USD | 19,107.65 | 19,286.78 | -0.93% |
*Prices are as of the time of writing this report
US stock markets decreased marginally this week, after they rallied last week following Donald Trump victory, as traders are digesting latest economic data released. US inflation increased from 2.4% in September 2024 to 2.6% in October 2024, Producer Price Index increased by 0.2% MoM in October 2024. As such, the Federal Reserve Chair Jerome Powell stated at the Dallas Regional Chamber event that there is no rush in rate cuts as the economy shows resilient signs.
| Index | Currency | 15/11/2024 | 08/11/2024 | % Change |
| DAX | EUR | 19,268.58 | 19,215.48 | 0.28% |
| FTSE 100 | GBP | 8,076.84 | 8,072.39 | 0.06% |
| CAC 40 | EUR | 7,309.71 | 7,338.67 | -0.39% |
| STOXX600 | EUR | 505.34 | 506.63 | -0.25% |
*Prices are as of the time of writing this report
Across the Atlantic, main European stock markets fluctuated over the course of the week. European STOXX 600 and French CAC 40 decreased by 0.25% and 0.39% respectively to reach 505.34 and 7,309.71 while FTSE 100 of UK and DAX of Germany increased by 0.06% and 0.28% respectively to record 8,076.84 and 19,268.58 on November 15th, 2024.
| Index | Currency | 15/11/2024 | 08/11/2024 | % Change |
| NIKKEI | JPY | 38,642.91 | 39,500.37 | -2.17% |
| Hang Seng | HKD | 19,426.34 | 20,728.19 | -6.28% |
| Shanghai Comp | CNY | 3,330.73 | 3,452.30 | -3.52% |
*Prices are as of the time of writing this report
Asians stock markets declined in the week ending November 15th, 2024. Hong Kong’s equities led the decrease by 6.28% to reach 19,426.34 due to the decrease in Chinese credit data in October recording 15-year low. Also, there are growing concerns regarding the increased tariffs on Chinese goods due to the probable appointment of a Chinese Hawk as US top diplomat under the new Trump administration.
Second came Chinese equities that dropped by 3.52% to reach 3,330.73 driven by industrial production growth slower than forecasted in October amid challenges in the manufacturing industry and the potential appointment of an anti-China figures in Trump’s new administration.
| Index | Currency | 15/11/2024 | 08/11/2024 | % Change |
| MSCI Emerging Market | USD | 1,084.41 | 1,135.65 | -4.51% |
*Prices are as of the time of writing this report
As for the MSCI Emerging Market index, it also fell this week by 4.51% to record 1,084.41 points.
| Index | Currency | 15/11/2024 | 08/11/2024 | % Change |
| S&P Pan Arab | USD | 970.16 | 984.30 | -1.44% |
| EGX30 – Egypt | EGP | 31,462.21 | 31,267.47 | 0.62% |
| Saudi Stock Exchange | SAR | 11,791.18 | 12,130.83 | -2.80% |
| Qatar Stock Exchange | QAR | 10,455.08 | 10,568.52 | -1.07% |
| Abu Dhabi Securities Exchange | AED | 9,433.56 | 9,639.83 | -2.14% |
| Dubai Financial Market | AED | 4,738.93 | 4,639.83 | 2.14% |
*Prices are as of the time of writing this report
Arab stock markets declined in line with the global trend except for the Dubai Financial Market and Egyptian EXG 30 that increased by 2.14% and 0.62% respectively to record 4,738.93 and 31,462.21.
Disclaimer:
This article is a research document that is owned and published by BLOMINVEST Bank SAL.
No material from this publication may be modified, copied, reproduced, repackaged, republished, circulated, transmitted or redistributed directly or indirectly, in whole or in any part, without the prior written authorization of BLOMINVEST Bank SAL.
The information and opinions contained in this document have been compiled from or arrived at in good faith from sources deemed reliable. Neither BLOMINVEST Bank SAL, nor any of its subsidiaries or affiliates or parent company will make any representation or warranty to the accuracy or completeness of the information contained herein.
Neither the information nor any opinion expressed in this research article constitutes an offer or a recommendation to buy or sell any assets or securities, or to provide investment advice.
This research article is prepared for general circulation and is circulated for general information only.
