Solidere shares yesterday went up 15% and again today the stock surged almost 15 percent.
Solidere A shares rose 14.97% percent to $35.70 and its B shares were up 14.97% percent to $35.70. The Wednesday closing price was $31.05 for A shares and $31.05 for B shares.
Solidere, the country's largest company by market value, reported last week that it had agreed to jointly develop a $60 billion project on the UAE emirate of Ajman's coastline.
Former prime minister Rafik al-Hariri, who was assassinated three years ago, founded Solidere in 1994 to rebuild downtown Beirut after the 1975-1990 civil war.
Other shares didn't fare as well, because of the profit taking that followed yesterday's surge, but many were up too:
- Bank Audi listed shares were up 1.08% to close at $98.00
- Bank Audi GDR shares were a fraction down and closed at $101.60
- Byblos Bank listed shares were up 8.69% to close at $3 even
- Byblos Bank Priority shares were up 6.76% to close at $3 even
- BLOM Bank GDR shares down a fraction, closed at $106 even
Photo: The Lebanese were pleasantly surprised as they woke up Wednesday to discover the Qatar deal which defused Lebanon's political crisis. In Beirut downtown residents were standing on their balconies in disbelief when they watched the dismantling of the tent city. The Hezbollah tents in down town Beirut were a permanent fixture for 18 months and served as a reminder that Lebanon was in trouble
Tags: BSE, Business, Economy, Hezbollah, Lebanon, shares, Stock Exchange, Ya Libnan
