Beirut SE: Shuaa (1 month) Current Year High: 3,399.69 Current Year Low: 1,761.53 The Beirut Stock Exchange had a stellar awakening in May and the BSI closed at 1999.36 points on May 23. The shares of Solidere flew to highs unprecedented in the company’s history as soon as Lebanon’s conflicted political opponents reached an unexpected agreement on May 21 to elect a president and downtown Beirut was released from the stranglehold of an 18-month demonstration. Solidere moved limit up at 15% on the news and the three major banking stocks added between 8 and 10%. On May 22, the traded value of Solidere shares exceeded $50 million — way above the BSE’s average daily trading values in the past year — and the stock jumped another 15% to close at $35.70. Amman SE (1 month) Current Year High: 9,330.70 Current Year Low: 5,560.56 Glad tidings also from the Amman Stock
