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Beirut Stock Exchange witnesses trading of 50 million shares during eight months

August saw a decline in market activity, compared with July.

Trading activity at Beirut Stock Exchange recorded a significant improvement on a cumulative basis, where the number of traded shares increased by 26.04 per cent per annum.

The number of traded shares reached 50.92 million during the first eight months of 2015, according to UAE-based Aliqtisadi.

The value of traded shares increased by 43.35 per cent registering nearly $414.40m, while the value of shares traded in the stock market in August reached $36.05m, compared with $28.06m in July.

The number of traded shares fell to 2.76m during August 2015, compared with 3.37m during July 2015.

The banking sector acquired the largest number of shares with 2.20m, accounting for 80.10 per cent of the total shares traded.

Meanwhile, the shares of the real estate sector accounted for 15.37 per cent of the total shares traded during August, or nearly 423,860, followed by the shares of the industrial and trade sector, which reached roughly 125,110 shares and accounted for 4.54 per cent during the same period in 2015.

($1 = AED 3.67, at the time of publishing).