Lebanese market activity down in March
Market turnover on the Beirut Stock Exchange decreased 24.65 percent in March from February 2001 to 681,988 shares. The only stocks, that saw any real pick-up in trade on their shares, were Byblos “C” and Ciments Libanais, as their volume increased to 54,501 and 384,276 respectively, from 43,884 and 241,255 the month before.
Trade in Solidere shares dropped almost 65 percent from February to 210,660 while that in banks rose 48 percent to 79,002. The ratio of trading value to market capitalization decreased 12 b.p. from the month before to 0.14%in March. — ( Lebanon Invest )
© 2001 Mena Report (www.menareport.com)