Stock market index down 25% in 2018

Economic Research | Lebanon This Week | Lebanon This Week 566 | Stock market index down 25% in 2018 | Lebanon | Byblos Bank

You are being redirected to .

 

Please Rotate your screen to portrait, for best viewing.

Byblos Bank

Lebanon This Week 566

|

Stock market index down 25% in 2018

Figures released by the Beirut Stock Exchange (BSE) indicate that trading volume reached 90,109,683 shares in 2018, constituting an increase of 3.6% from 86,989,317 shares traded in 2017; while aggregate turnover amounted to $635m, down by 16.7% from a turnover of $762.1m in 2017. Market capitalization regressed by 15.7% from the end of 2017 to $9.68bn, with banking stocks accounting for 84.2% of the total, followed by real estate equities (12.1%), industrial shares (3.4%) and trading firms' equities (0.4%). The market liquidity ratio was 6.6% in 2018, nearly unchanged from 2017.

Banking stocks accounted for 77.5% of the aggregate trading volume in 2018, followed by real estate equities with 20.1%, industrial shares with 2.1%, and trading stocks with 0.3%. Also, banking stocks represented 74% of the aggregate value of shares traded, followed by real estate equities with 21.6%, industrial stocks with 4.2% and trading stocks with 0.1%. The average daily traded volume for the period was 375,457 shares for an average daily value of $2.6m. The figures reflect an increase of 4.5% in average volume, and a decline of 16% in the average value in 2018. In parallel, the Capital Markets Authority's Market Value-Weighted Index for stocks traded on the BSE dropped by 25.1% in 2018, while the CMA's Banks Market Value-Weighted Index regressed by 27% last year.
 
Cookies Information

To optimize this website's functionality, we may utilize cookies, which are small data files stored on your device. This common practice helps improve your browsing experience.

Privacy settings

Choose which cookies you wish to enable.
You can change these settings at any time. However, this can result in some functions no longer being available. For more information on deleting cookies, please consult your browser help function.
LEARN MORE ABOUT THE COOKIES WE USE.

Use the slider to enable or disable various types of cookies:

Necessary
Functionality
Analytics
Marketing

This website will:

  • Remember your cookie permission setting
  • Allow session cookies
  • Gather information you input into a contact forms, newsletter and other forms across all pages
  • Helps prevent Cross-Site Request Forgery (CSRF) attacks
  • Preserves the visitor's session state across page requests
  • Remember personalization settings
  • Remember selected settings
  • Keep track of your visited pages and interaction taken
  • Keep track about your location and region based on your IP number
  • Keep track on the time spent on each page
  • Increase the data quality of the statistics functions
  • Use information for tailored advertising with third parties
  • Allow you to connect to social sites
  • Identify device you are using
  • Gather personally identifiable information such as name and location

This website won't:

  • Remember your cookie permission setting
  • Allow session cookies
  • Gather information you input into a contact forms, newsletter and other forms across all pages
  • Helps prevent Cross-Site Request Forgery (CSRF) attacks
  • Preserves the visitor's session state across page requests
  • Remember personalization settings
  • Remember selected settings
  • Keep track of your visited pages and interaction taken
  • Keep track about your location and region based on your IP number
  • Keep track on the time spent on each page
  • Increase the data quality of the statistics functions
  • Use information for tailored advertising with third parties
  • Allow you to connect to social sites
  • Identify device you are using
  • Gather personally identifiable information such as name and location


Save And Close