||Performance of the shares during the 3rd
started the quarter unchanged as trading activity remained dull in the Beirut Stock
Exchange. Deadlocked at their levels for the first two months, they suddenly dropped back
beginning December on low volume to their US$10 par value. The shares quickly recouped
most of their lost ground, however the rally fizzled quickly and the shares moved down
again, reaching US$97/8 on December 21 on an extremely low turnover. Being
highly undervalued at these levels, they rebounded persistently during the following days.
Share A closed the quarter at US$103/4, 2,4% above the previous quarter
closing, while share B was at US$11, same as the previous quarter closing price.