Lebanese capital markets

BLOM Stock Index (BSI) Weighted effective yield of eurobonds Equity update The slump in global equity markets, along with the new issue of $1.2 billion of Lebanese Sovereign debt on July 28, steered investor interest towards the Lebanese Eurobond market. Hence, the BLOM Stock Index (BSI) hovered between a lower level of 1,301 points and an upper level of 1,343 points between July 15 and August 12, 2011, before closing near its lowest level of 1,305 points. During the aforementioned period, the BSI shed 1.1 percent, further lowering its year-to-date performance to a negative 11.5 percent. As for the activity on the Beirut Stock Exchange (BSE), it improved over the same period, as the daily average volume per month reached 153,424 shares, valued at $1.74 million, compared to 120,568 shares worth $1.56 million over the preceding four weeks between June 17 and July 15. On a comparative scale, the BSI