Thursday, October 18, 2018

Solidere’s shares soar on prospects of new Cabinet. Eurobond prices improving, their insuring cost falling


Solidere's share prices are surging with rising prospects of a formation of the Cabinet. These positive developments are also affecting Eurobond prices, which are equally driven by improvements in emerging markets.

Solidere's 'A' shares jumped 6.48 percent to close at $7.39 on the Beirut Stock Exchange (BSE) on Wednesday. The 'A' shares of the country's largest real estate company surged 22 percent when compared with their closing price last week.

"The rally on Solidere's stock ...

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