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October 28, 2008

Lebanonwire

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Lebanon's Solidere tumbles 14 pct, drags index

BEIRUT - Shares in Lebanon's market heavyweight Solidere  tumbled nearly 15 percent on Monday, dragging the main index down 7 percent, along with other markets in the region.

The real estate firm's A share fell 14.52 percent to $18 and its B share fell 14.28 percent to $18.

Shares fell across the board on the BLOM index, with bank shares among the heavy fallers. Byblos Bank  fell 9.54 percent to $1.80 and Bank Audi's GDRs fell 6.1 percent to $65.40. -Reuters

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