BEIRUT: Over $25 million worth of Solidere A and B shares changed hands Thursday and Friday on
Beirut Stock Exchange despite the gloomy political picture in Lebanon as a result of the failure to form a national unity Cabinet.
BEIRUT: The "dormant"
Beirut Stock Exchange is still waiting for a decision from the yet-to-be-formed Cabinet on privatizing the bourse, in a bid to attract Lebanese and foreign investors.
Bank of Beirut closed at $18 per share on the
Beirut Stock Exchange Wednesday.
Neither Bank of Beirut nor Emirate National Bank of Dubai made announcement about the acquisition but
Beirut Stock Exchange reported a block trading of BOB for 2,09,133 shares with a value of $29.275 million.
The bank is one of the six lenders listed on
Beirut Stock Exchange.
According to data from the
Beirut Stock Exchange, in the first morning of trading since the news of Hariri's resignation broke Saturday, Solidere A shares fell sharply from $8.20 to $7.41 before rallying slightly to end the day at $7.53 -- down 7.61 percent on Friday's close.
All four banks are listed on the
Beirut Stock Exchange and consequently are obliged to release their financial results to the public on a quarterly basis.
The company has the third-largest market capitalization on the
Beirut Stock Exchange but Solidere's shares are the most-traded stocks on the bourse.