The Solidere neighborhood is one of those to benefit from an extra two hours of power from Wednesday. (Credit: P.H.B./L'Orient-Le Jour)
BEIRUT — The day after President Joesph Aoun’s election, share prices of Solidere (The Lebanese Company for the Development and Reconstruction of Beirut Central District) rallied, reaching a record high of $126 for Class A Shares, and $129.5 for Class B ones.Class A shares refer to those issued to owners of shops that were taken over by Solidere in the 90s, while Class B ones refer to shares that were directly purchased on the Lebanese stock market.Prices of Class A and B shares hovered around $89 and $90 respectively on Dec. 10, 2024, before gradually going up, and reaching an increase of 6 and 15 percent respectively throughout the day on Jan. 10. They’ve slightly gone down since Jan. 14, reaching $116 for Class A Shares, and $120 for Class B shares at closing on Jan. 15Optimism and winds of changeMichel Kozah, a financial advisor at...
BEIRUT — The day after President Joesph Aoun’s election, share prices of Solidere (The Lebanese Company for the Development and Reconstruction of Beirut Central District) rallied, reaching a record high of $126 for Class A Shares, and $129.5 for Class B ones.Class A shares refer to those issued to owners of shops that were taken over by Solidere in the 90s, while Class B ones refer to shares that were directly purchased on the Lebanese stock market.Prices of Class A and B shares hovered around $89 and $90 respectively on Dec. 10, 2024, before gradually going up, and reaching an increase of 6 and 15 percent respectively throughout the day on Jan. 10. They’ve slightly gone down since Jan. 14, reaching $116 for Class A Shares, and $120 for Class B shares at closing on Jan. 15Optimism and winds of changeMichel Kozah, a financial...
