Slight improvement in demand for short and medium term Lebanese Eurobonds on Monday caused the BLOM Bond Index (BBI) to increase by 0.02% to 105.77 points, narrowing its year-to-date loss to 1.58%. Yield ... read more
At 15:30 Beirut time, the Euro was quoted at $/€ 1.1304, the equivalent of €/LBP 1,703.63 depreciating against the US Dollar by 0.15% from Monday’s close. The Dollar might lose its momentum, as investor ... read more
According to the Ministry of Finance (MoF), “Salaries, Wages and Related Benefits”, which mainly include the cost of basic salaries, allowances and indemnities paid to employees of the public sector, ... read more
The Beirut Stock Exchange (BSE) experienced a 65-week low in terms of trading activity, where only 3,740 shares were traded worth $32,561. However, the BLOM Stock Index (BSI) gained 0.54% on Monday to ... 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 0.21% to settle at $9.72, noting that ... read more
As demand for medium term Lebanese Eurobonds showed improvement on Friday, the BLOM Bond Index (BBI) increased by 0.03% to 105.750 points, narrowing its year-to-date loss to 1.60%. Yield on the 10Y ... read more
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
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