Poor Performance for Lebanese GDRs on the LSE on Monday
On the London Stock Exchange (LSE), two of the four listed Lebanese Global Depository Receipts (GDRs) traded on Monday. The real estate sector experienced a poor showing, where Solidere GDRs declined by 4.76% to $10.00, noting that 18,195 shares worth $181,950 were traded. In the banking sector, 40,682 GDRs of BLOM exchanged hands at $9.60, 0.52% less than Friday’s quote. Meanwhile, Byblos and Audi GDRs did not trade, steadying at their previous quotes of $75.00 and $5.90, respectively.
| GDRs | Last Price ($) | Previous Price ($) | Change | Volume | Value ($) |
| BLOM GDR | 9.60 | 9.65 | -0.52% | 40,682 | 390,547 |
| Audi GDR | 5.90 | 5.90 | – | – | – |
| Byblos GDR | 75.00 | 75.00 | – | – | – |
| Solidere GDR | 10.00 | 10.50 | -4.76% | 18,195 | 181,950 |
Source: Reuters
Closing Date: 28 September 2015
