Risks To Stock Outlook

Lebanon's BLOM Stock index has not been immune to the return of global risk appetite, although at 16.9%, its rally since late March does not compare to some others in the region. However, there is now a risk of a correction in global stocks, and Lebanon is all the more at risk thanks to its precarious political situation. Although a win for Hizbullah in the June 7 election is now widely expected (and therefore certainly priced into the recent gains), the reality, as well as any violence or harsher than expected international reaction, could cause the market to come crashing

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