Original:  “Proceeds collected from sales will reach $342 million in the first half of 2020,” it said. Also, according to Faysal Barbir, Director-Capital Markets at FFA Private Bank, Solidere has been selling properties since the beginning of 2020 at a higher pace which would reflect on its earnings for the current year. This led to a jump in the share price. The price of Solidere ‘A’ share doubled compared with its closing price in October 2019. The trading volume of Solidere ‘A’ soared more than six times to around 900,000 shares in May from less than 150,000 shares in October 2019. The increase in share price was also driven by the fact that a new category of investors have entered the market. These are mainly depositors who wanted to preserve the value of their savings when the currency was collapsing. Solidere shares were the only option available on the stock market, especially following press reports about possible haircuts and restructuring of the banking sector. Buying real estate shares is more convenient for investors who cannot afford to buy real estate properties. Barbir also indicated that Solidere shares could rise further if a new catalyst emerges such as renewed fears regarding the banking sector or if Solidere announces an improvement in its net profit. See also Avenue des Français Beirut Central District References Solidere shares cross $ 18 threshold - The Daily Star Stop Solidere Campaign by St George Hotel and Yacht Club Saree Makdisi, “Laying Claim to Beirut: Urban Narratives and Spatial Identity in the Age of Solidere,” Critical Inquiry 23/3 (1997), 661–705.
Revised:  “Proceeds collected from sales will reach $342 million in the first half of 2020,” it said. Also, according to Faysal Barbir, Director-Capital Markets at FFA Private Bank, Solidere has been selling properties since the beginning of 2020 at a higher pace which would reflect on its earnings for the current year. This led to a jump in the share price. The price of Solidere ‘A’ share doubled compared with its closing price in October 2019. The trading volume of Solidere ‘A’ soared more than six times to around 900,000 shares in May from less than 150,000 shares in October 2019. The increase in share price was also driven by the fact that a new category of investors have entered the market. These are mainly depositors who wanted to preserve the value of their savings when the currency was collapsing. Solidere shares were the only option available on the stock market, especially following press reports about possible haircuts and restructuring of the banking sector. Buying real estate shares is more convenient for investors who cannot afford to buy real estate properties. Barbir also indicated that Solidere shares could rise further if a new catalyst emerges such as renewed fears regarding the banking sector or if Solidere announces an improvement in its net profit. At the end of 2020, the rise in sales allowed the company to settle its entire debt to banks totaling more than $200 million. This has also led to a surge in its cash liquidity in banks. Solidere stocks have soared even higher siting at $24.5 in 18 March 2021. This is a rise of 500\% since November 2019. See also Avenue des Français Beirut Central District References Solidere shares cross $ 18 threshold - The Daily Star Stop Solidere Campaign by St George Hotel and Yacht Club Saree Makdisi, “Laying Claim to Beirut: Urban Narratives and Spatial Identity in the Age of Solidere,” Critical Inquiry 23/3 (1997), 661–705.
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