Traders in the Arab Finance Corporation monitor stock prices in Beirut, Monday, April 8, 2013. (The Daily Star/Mahmoud Kheir)
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Hopes that a new government could be formed this week pushed the Beirut Stock Exchange higher as Solidere A and B shares gained more than 25 percent and 22 percent respectively since the beginning of January.This apparent progress toward forming a government not only led to a rise Tuesday in Solidere A and B shares of 3.11 percent and 0.14 percent respectively, but also reflected positively on the rest of the shares traded on the Beirut Stock Exchange.Trading value reached $6.76 million with 745,009 shares traded through 198 transactions compared to only 190,861 the day before.Echoing Elias, BSE Vice-President Ghaleb Mahmasani said the encouraging statements issued by political rivals about their willingness to form a government soon were the main reason behind the positive activity on BSE.Bank Audi surged by 0.15 percent, with the volume of shares traded reaching 505,800 with a $3.191 million value, compared to only 120 a day earlier.
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