We value Holcim Liban (HL) at USD 15.28 per share, maintaining our HOLD recommendation as the ongoing presidential vacuum on top of the deteriorating situation in Syria continue to threaten Lebanon’s ... read more
The Lebanese Eurobonds halted its decline, with the BLOM Bond Index (BBI) inching up marginally by 0.04% to 107.96 points. Demand on Lebanese Eurobonds improved, pushing each of the 5Y and 10Y Lebanese ... read more
The Beirut Stock Exchange (BSE) started the week in the red, where the BLOM Stock Index (BSI) lost 0.10% to 1,168.59 points. The real estate sector took a share of 45.04% of total traded value, with ... read more
The Central Bank’s (BDL) balance sheet, revealed a 0.79% monthly rise in total assets to $85.93B by mid-October, mostly due to the 0.32% rise in its holding of foreign assets. Foreign assets (excluding ... read more
2014-10-The Lebanese Tourism Sector – Performance Review up to August 2014 7 trillion dollars: That is how much the Travel & Tourism (T&T) contributed to global GDP in 2013. In a world where ... read more
During the week ending September 25, 2014, broad Money M3 dropped by LP 52B ($34.49M), to reach LP 175,228B ($116.24B). M3 growth rate reached 7.17% year-on-year and 4.57% since year start. However, M1 ... read more
Demand for the dollar steadied over the prior week as reflected by the Lebanese pound’s peg against the dollar that remained at $/LP 1,510-1,514 with a mid-price of $/LP 1,512, since last week. Foreign ... read more
Lebanon’s Eurobonds market performed poorly during the week, where the BLOM Bond Index (BBI) fell by 0.35%, to settle at 107.92 points. The gauge posted a 2.15% year-to-date (y-t-d) increase. The falling ... read more
The Beirut Stock Exchange followed the declining trend in the global market; however, to a lesser extent. The BLOM Stock Index (BSI) lost 0.43% to close at 1,169.79 points. The average traded volume ... read more
Bank of Beirut SAL has completed a $100,002,000 increase of its capital by way of issuing 4,762,000 “Series 2014 Priority” shares. The Priority Shares constitute a special class of the Bank’s common shares ... read more
Rafic Hariri International Airport (RHIA) activity enhanced during the first three quarters of 2014, as the total number of passengers increased by 4.09% year-on-year (y-o-y) to 5.02M, recording its ... read more
The Lebanese Eurobonds continued to decline, pulling alongside the BLOM Bond Index (BBI) which went down by 0.29% to 107.92 points. In fact, the 5Y Lebanese Eurobonds’ yield leapt by 10 bps to 5.25%, and ... read more
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