Jewelry has been lustrous, having unfathomable significance in different cultures. It has been cherished not only for its ornamental worth, but also for its use as a form of wealth, expression, and body ... read more
We recommend a hold rating on the CIB stock with a target price of EGP 32.14 using a Dividend Discount Model, despite the company’s positive financial performance in Q3 2015. The bank’s financial results ... read more
On the Beirut Stock Exchange, the BLOM Stock Index (BSI) rose by 0.05% during the week to 1,148.25 points. The average traded volume and value increased from last week’s 67,941 shares worth $576,242 to ... read more
During the last trading session of the week, the Lebanese Bourse witnessed relatively frail activity as 26,898 shares traded worth $226,381 compared to 189,111 shares traded worth $2.12M on Thursday. The ... read more
Two out of the four listed Lebanese Global Depository Receipts (GDRs) traded on the London Stock Exchange (LSE) on Thursday. In details, 80,000 BLOM GDRs and 52,835 Audi GDRs exchanged hands on the LSE at ... read more
The BLOM Bond Index (BBI) went down by 0.18% to 103.018 points on Thursday, caused by a weakening demand for medium and long term Lebanese Eurobonds. The yields on the 5Y and 10Y Lebanese Eurobonds ... read more
At 13:52 Beirut time, the Euro was quoted at €/$ 1.0897, the equivalent of €/LBP 1,642.72, appreciating against the US Dollar by 0.30%. With no new updated releases in Europe or the U.S. today, the Euro ... read more
The prominent trends of both the depreciating Euro and falling international oil prices are the main factors behind the tightening of Lebanon’s trade deficit since the start of the year. Lebanon’s trade ... read more
Total consolidated assets of commercial banks amounted to $183.18B in the first 11 months of 2015, recording a 4.26% growth since year start, and an expansion of 6.37% year-on-year (y-o-y). In terms of ... read more
According to Global Blue, tourist spending in Lebanon increased by a yearly 2% in 2015. This improvement is linked to the recovery in the number of tourist arrivals in 2015; According to the Ministry of ... read more
The number and value of guarantees given by Kafalat declined by 19.21% and 14.83% during 2015 to 676 worth $93.31M, respectively, compared to 838 guarantees worth $109.55M by December 2014. The average ... read more
As five out of the eight traded stocks ended in the red, the BLOM Stock Index (BSI) dropped by 0.47% to 1,149.00 points, following the trade of 189,111 shares worth $2,112,723. In the real estate sector, ... read more
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