Economic Research | Lebanon This Week | Lebanon This Week 523 | Lebanon | Byblos Bank

You are being redirected to .

Continue Stay on the current website

 

Please Rotate your screen to portrait, for best viewing.

Byblos Bank

Economic Research

Home Economic Research Lebanon This Week 523
|

Search Publication Library

Lebanon This Week 523

Get Full Publication
January 27, 2018
Lebanon This Week 523

Performance of Arab Stock Markets in Fourth Quarter of 2017 (% change)

Source: Arab Federation of Exchanges


  • Stock market activity posts sixth lowest performance in Arab world in fourth quarter of 2017
    Figures released by the Arab Federation of Exchanges indicate that market activity on the Beirut Stock Exchange (BSE) regressed by 0.12% in the fourth quarter of 2017 from the previous quarter and by 5.2% from the fourth quarter of 2016, constituting the sixth lowest performance among 16 Arab equity markets. The BSE outperformed the Arab equity markets (-1.54%) in the covered period, while it underperformed the emerging equity markets (+7.09%) and global equity markets (+5.37%). 

    In parallel, the market capitalization of the BSE reached $11.47bn at the end of 2017 and accounted for 1% of the aggregate market capitalization of Arab stock markets. It was higher than the market capitalization of the Iraq Stock Exchange ($8.9bn), the Tunis Bourse ($8.8bn), the Palestine Exchange ($3.9bn), the Khartoum Stock Exchange ($3bn) and the Damascus Securities Exchange ($1.5bn).

    Further, the value of shares traded on the BSE totaled $238.5m in the fourth quarter of 2017 and accounted for 0.27% of the total value of shares traded on Arab equity markets. It was higher than the turnover on the Iraq Stock Exchange ($231m), the Palestine Exchange ($136.8m), the Bahrain Bourse ($43.3m), the Khartoum Stock Exchange ($39.1m) and the Damascus Securities Exchange ($16.7m).

  • Consumer Price Index up 4.5% in 2017
    The Central Administration of Statistics' Consumer Price Index increased by 4.5% in 2017 compared to a decline of 0.8% in 2016. The CPI increased by 5% in December 2017 from the same month of 2016. The prices of clothing & footwear grew by 17.4% year-on-year in December 2017, followed by the cost of water, electricity, gas & other fuels (+8.9%), the prices of alcoholic beverages & tobacco (+7.6%), transportation costs (+5.9%), actual rents (+5.3%), recreation & entertainment costs (5.1%), the cost of furnishings & household equipment and healthcare costs (+4.6% each), prices at restaurants & hotels (+4%), imputed rents and the prices of food & non-alcoholic beverages (+3.7% each), miscellaneous goods & services (+3.1%), the cost of education (+3%) and communication costs (+0.8%). The distribution of actual rents shows that new rents increased by 3.8% annually in December 2017, while old rents grew by 7.1% from the same month of 2016.

    Further, the CPI grew by 0.8% in December 2017 from the preceding month, following an increase of 0.6% in November 2017. The CPI grew by 1.5% month-on-month in the North in December 2017, by 1% in Nabatieh, by 0.8% in Mount Lebanon, by 0.7% in the Bekaa, by 0.5% in the South and by 0.4% in Beirut. In parallel, the Fuel Price Index increased by 2.1% in December 2017, while the Education Price Index was unchanged from the previous month.
     

  • Occupancy rate at Beirut hotels at 65%, room yields up 18% in first 11 months of 2017
    EY's benchmark survey of the hotel sector in the Middle East indicated that the average occupancy rate at hotels in Beirut was 64.8% in the first 11 months of 2017, up from 59.1% in the same period of 2016 and compared to an average rate of 62.2% in 14 Arab markets included in the survey. The occupancy rate at Beirut hotels was the seventh highest in the region in the first 11 months of 2017, while it was the sixth lowest in the same period of 2016. Also, the occupancy rate at hotels in Beirut rose by 5.6 percentage points year-on-year, constituting the second largest increase among the 14 Arab markets, behind Kuwait (+6.1 percentage points). In comparison, the average occupancy rate in Arab markets grew by 1.3% year-on-year in the covered period. 

    The average rate per room at Beirut hotels was $152 in the first 11 months of 2017, ranking the capital's hotels as the fourth least expensive in the region relative to Cairo ($84), Abu Dhabi ($119) and Amman ($144). Revenues per available room (RevPAR) were $99 in Beirut in the first 11 months of 2017, up from $84 in the same period of 2016. They were the fifth lowest in the region relative to Cairo ($58), Amman ($72), Abu Dhabi ($91) and Riyadh ($93). 
     

Tags:

Selected Articles

Other Publications from“Lebanon This Week”
Show LessShow More

Byblos Bank S.A.L., Byblos Bank Headquarters, Elias Sarkis Ave., Ashrafieh, Beirut

List of Banks No.39, CRB:14150, BDL Authorization No. 11/231 Dated 14 May 2005

Select
Cookies Information

To optimize this website's functionality, we may utilize cookies, which are small data files stored on your device. This common practice helps improve your browsing experience.

Change Settings Accept
Privacy settings

Choose which cookies you wish to enable.
You can change these settings at any time. However, this can result in some functions no longer being available. For more information on deleting cookies, please consult your browser help function.
LEARN MORE ABOUT THE COOKIES WE USE.

Use the slider to enable or disable various types of cookies:

Necessary
Functionality
Analytics
Marketing

This website will:

  • Remember your cookie permission setting
  • Allow session cookies
  • Gather information you input into a contact forms, newsletter and other forms across all pages
  • Helps prevent Cross-Site Request Forgery (CSRF) attacks
  • Preserves the visitor's session state across page requests
  • Remember personalization settings
  • Remember selected settings
  • Keep track of your visited pages and interaction taken
  • Keep track about your location and region based on your IP number
  • Keep track on the time spent on each page
  • Increase the data quality of the statistics functions
  • Use information for tailored advertising with third parties
  • Allow you to connect to social sites
  • Identify device you are using
  • Gather personally identifiable information such as name and location

This website won't:

  • Remember your cookie permission setting
  • Allow session cookies
  • Gather information you input into a contact forms, newsletter and other forms across all pages
  • Helps prevent Cross-Site Request Forgery (CSRF) attacks
  • Preserves the visitor's session state across page requests
  • Remember personalization settings
  • Remember selected settings
  • Keep track of your visited pages and interaction taken
  • Keep track about your location and region based on your IP number
  • Keep track on the time spent on each page
  • Increase the data quality of the statistics functions
  • Use information for tailored advertising with third parties
  • Allow you to connect to social sites
  • Identify device you are using
  • Gather personally identifiable information such as name and location


Save And Close