BSE Market Activity Plunges
In the first quarter of 2012, the market activity at the Beirut Stock Exchange (BSE) plunged 47 percent compared to same last year period, with a total trading volume of 13.4 million shares,
as reported by Byblos Bank economic publication, Lebanon This Week.
In the first quarter of 2011, the turnover decreased by 39.6 percent from $149.8 million to $90 million in the same period this year.
Market capitalization fell 10.4 percent from end-March 2011 levels to $10.8 billion. Of this, 74.6 percent was in banking stocks, 21.7 percent in real estate stocks, 3.2 percent in industrial stocks, 0.3 percent in fund stocks and 0.2 percent in trading stocks.
In comparison with the first quarter of 2011, market liquidity ratio decreased to 0.8 percent from 1.2 percent, also reflecting significantly weaker performance.
Bank stocks accounted for 86 percent of the aggregate trading volume during the first quarter, followed by real estate stocks with 11.7 percent, trading stocks with 2 percent and industrial stocks with 0.3 percent.
In terms of the value of shares traded, banking stocks accounted for 74.7 percent, followed by real estate stocks with 24.5 percent, industrial stocks with 0.4 percent and trading stocks with 0.3 percent.
photo mikebaird's photostream
STRATEGIES & PLANS
A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.