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Regional equity markets

by Executive Staff

Beirut SE  (one month) Current Year High: 1,629.74  Current Year Low: 705.56 The BLOM Stock Index tracking share prices on the Beirut Stock Exchange closed the March 27 session at 1047.92 points, 20 points lower than its close on February 27. The BSI is down 11 percent from the start of 2009. In the review period, eight sessions to close with a gain were outnumbered by 12 sessions that saw the market drop. However, all trading sessions ended with index fluctuations of less than one percent, except for March 25 when the index slipped 1.44 percent, pulled down by six percent and 3.2 percent price losses in the two share classes of real estate firm Solidere when a substantial amount of shares were offered for sale at a discount to the previous close. In Beirut, analysts assumed that this sudden drop in the share price of Solidere was triggered by

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