The rise in share value adds over $100 million in capitalization to the Beirut Stock Exchange.
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Upbeat news about the potential formation of a new government pushed the Beirut Stock Exchange higher Tuesday on Solidere A and B shares gains of 7.87 percent and 6.18 percent, respectively.Rahme attributed the increase to traders seeking to lock a short-term profit of $1 or $2 per share by buying a certain number of shares and selling them upon the formation of the government.While Solidere witnessed a remarkable increase, banks shares remained mostly unchanged. BLOM Bank shares and Bank of Beirut preferred shares saw a slight decrease of 0.11 percent and 1.54 percent, respectively.
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