BEIRUT: Over $13 million of Bank Audi shares changed hands Thursday in another unexplained transaction at the Beirut bourse.
According to the Beirut Stock Exchange daily bulletin, an investor or a group of investors have apparently bought some 2,128,103 Bank Audi shares or passed them to other investors.
Audi shares moved up 4.14 percent to close at $6.28 compared to $6.03 Wednesday. Bank Audi officials declined to make any comment about the transaction.
Brokers and financial houses usually do not reveal the identity of stock buyers or their nationalities.
Out of the $13,487,344 total value of shares traded Thursday, $13,003,536 belonged to Bank Audi, representing 96.4128 of trading stocks.
The BLOM Stock Index meanwhile closed at 1,198.70, increasing by only 0.80 percent.
Solidere A and B shares rose 0.39 percent and 1.11 percent respectively to close at $12.77 and $12.68.
Solidere shares slightly improved after former Prime Minister Saad Hariri returned to Lebanon following a long absence, but the prices are still below the ambition of the company and investors.
Investors say that trading on the BSE will remain quiet until a new Lebanese president is elected and a final solution to the Syrian crisis is found.