Stock market activity down 73% to $463 million in first 10 months of 2011.Figures released by the Beirut Stock Exchange indicate that total trading volume reached 66.1 million shares in the first 10 months of 2011, constituting a decrease of 54.8% from the same period last year; while aggregate turnover amounted to $462.9 million, down 73.1% from a turnover of $1.72bn in the first 10 months of 2010.
Market capitalization decreased by 14.4% from end-October 2010 to $10.4 billion, of which 73% was in banking stocks, followed by real estate stocks with 23.2%, industrial stocks with 3.3%, investment funds with 0.3% and trading stocks with 0.3%. The market liquidity ratio was 4.4% compared to 14.1% a year earlier.
In terms of the value of shares traded, banking stocks accounted for 54.2% of aggregate value, followed by real estate stocks with 43.5%, investment funds with 1%, industrial stocks with 0.9%, and the trading sector with 0.4%. The average daily traded volume for the period was 325,402 shares for an average daily value of $2.3m. The figures reflect decreases of 54.1% in volume and 73% in value year-on-year. Byblos Bank's research
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.