BTA and BankMed launch new index

Quarterly assessment of trade investments

The Beirut Traders Association (BTA) has partnered with BankMed to launch a new index to assess investments in the trade industry.

Jihad Tannir, Vice President of the BTA, said the BTA-BankMed Invest Index will help review the performance of the sector on a quarterly basis, moneywise.

Tannir said the index will disclose investment sources and sizes in the sector. “It will cover capital invested for expansion locally or abroad, the money invested to improve local outlets, and other indicators.”

In 2011 the BTA had signed a partnership agreement with Fransabank for the ‘BTA-Fransabank Retail Index’, with the technical support of the Central Administration of Statistics (CAS). The index was also released quarterly, and reflected activity in all active business sectors of the local retail trade market through a number of indicators.