Stock market activity down
Stock market activity decrease by 72 percent to $467 million in the first nine months of 2011.
Figures released by the Beirut Stock Exchange indicate that total trading volume reached 64.2 million shares in the first 9 months of 2011,constituting a decrease of 54.2 percent from the same period last year; while aggregate turnover amounted to $466.7million, down 72 percent from a turnover of $1.66 billion in the first 9 months of 2010, according to Lebanon This Week, Byblos Bank's economic publication.
Market capitalization decreased by 14% from end-September 2010 to $10.6bn, of which 72.7 percentwas in banking stocks, followed by real estate stocks with 23.5 percent, industrial stocks with 3.3 percent, investment funds with 0.3 percent and trading stocks with 0.3 percent.
The market liquidity ratio was 4.4 percent compared to 13.4 percent a year earlier. Bank stocks accounted for 81 percentof aggregate trading volume year-to-September, followed by real estate stocks with 17 percent, trading stocks with 0.9 percent, industrial stocks with 0.4 percent and investment funds with 0.1 percent.
In terms of the value of shares traded, banking stocks accounted for 51.7 percent of aggregate value, followed by real estate stocks with 41.5%, investment funds with 1 percent, industrial stocks with 0.8 percent, and the trading sector with 0.4 percent. The average daily traded volume for the period was 352,776 shares for an average daily value of $2.6milllion.
The figures reflect decreases of 53.5 percent in volume and 71.5 percent in value year-on-year.
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.