Lebanon shares extend rally on political progress
Lebanon”s BLOM stock index soared 6.25 percent on Monday to close at the year”s high of 1,572.8 points on hopes on an imminent end to Lebanon”s political deadlock.
The rise from Friday”s close of 1,480.3 points was again driven by real estate market heavyweight firm Solidere, whose A share surged 12.7 percent to close at $24.79 and its B share rose 12.2 percent to end the day on $24.63.
The rise from Friday”s close of 1,480.3 points was again driven by real estate market heavyweight firm Solidere, whose A share surged 12.7 percent to close at $24.79 and its B share rose 12.2 percent to end the day on $24.63.