Protests Weighed  Down the Lebanese Bourse Today

Amidst the continued Chinese Stock market crash and the escalating demonstrations in Lebanon, the BLOM Stock Index (BSI) dropped by 1.29% to reach an 87- week low of 1,148.81, broadening its year-to-date loss to 1.83%. Nevertheless, the volume of traded shares remained low with no more than 100K shares trading today, which means the drop in the Lebanese gauge is reflecting wider spreads and the lack of market depth rather than a massive selling activity.  In details, in the real estate sector, Solidere class A shares plunged by 6.36% in one day to reach $10.01, while its class B shares dropped 2.57% to settle $10.24. In the banking sector, BLOM GDR shares, Byblos Listed shares and Audi GDR shares declined by 0.61%, 1.83% and 0.50% to reach $9.85, $1.61 and $5.97, respectively. BLOM preferred shares 2011 also fell by 0.49% to end up at $10.10 while Byblos preferred shares 2009 gained 0.10% to stand at $100.70. In the industrial sector, Holcim shares also recorded a 5.04% loss to end the session at $14.51.

ACTIVE STOCKS TODAY

Traded Stocks	Last ($)	Previous ($)	Change	Volume	Vwap ($)
Solidere (A)	10.01	10.69	-6.36%	23,221	10.24
Solidere (B)	10.24	10.51	-2.57%	15,700	10.31
HOLCIM	14.51	15.28	-5.04%	417	14.51
BLOM GDR	9.85	9.91	-0.61%	7,000	9.85
Audi  Listed	6.00	6.00	–	1,834	6.00
Byblos Listed	1.61	1.64	-1.83%	12,988	1.61
Audi GDR	5.97	6.00	-0.50%	33,760	5.97
BLOM Pref 11	10.10	10.15	-0.49%	573	10.10
BoB Pref I	25.75	25.75	–	1,400	25.75
Byblos Pref 09	100.70	100.60	0.10%	3,123	100.70

 

BSI CLOSING

	Last	Previous	Change	Y-t-D  Change
BSI	1,148.81	1,163.80	-1.29%	-1.83%
High	1,158.00	1,167.10
Low	1,148.81	1,161.20
Vol	100,016	79,496	25.81%
Val	$1,064,668	$1,204,562	-11.61%

BPSI CLOSING

	Last	Previous	Change
BPSI	104.99	105.04	-0.05%
Vol	5,096	4,730	7.74%
Val	$356,319	$477,718	-25.41%

 

BSI 52-WEEK TREND