Regional equity markets

Beirut SE   Current year high: 1,200.49    Current year low: 939.02 >  Review period: Closed Oct 22 at 956.75 Points                Period Change: -0.8% The MSCI Lebanon index close on Oct 22 indicated that Lebanese stocks are still undervalued and the index shows a drop of 14.3% when compared with the start of 2010. However, by the methodology of BLOM Bank’s BSI, the year-to-date loss in the market is lower, at 8.3%. Real estate firm Solidere closed in the $18.70 range, which is below what analysts widely agree to be the scrip’s potential. Slight upward movements of banking stocks in the second half of the review period were notable but hardly reflected the leading banks’ strong nine-month results.  Amman SE   Current year high: 2,648.36                Current year low: 2,223.30 > Review period: Closed Oct 21 at 2,324.40 Points              Period Change: 0.8% Small gains on the Amman Stock Exchange were enough for