UPDATE 1-Lebanese Solidere soars 15 pct after election
(Adds quote, background)
BEIRUT, June 9 (Reuters) - Shares in Lebanese real estate company Solidere (SOLA.BY) climbed 15 percent on Tuesday following a parliamentary election win for an alliance led by billionaire politician Saad al-Hariri.
Solidere's A share was 15.0 percent higher at $23.01, with its B shares (SOLB.BY) 14.9 percent higher at the same price. Turnover was heavy in both stocks.
The BLOM stock index .BLSI was 6.3 percent higher at 1,329.12 points.
Hariri's "March 14" alliance, whose backers include the United States and Saudi Arabia, beat a rival coalition including Hezbollah in Sunday's election. Hezbollah, an armed group backed by Syria and Iran, said on Monday it accepted the results.
"The feeling is that the election went well and nobody is making any problems," one market participant said.
Solidere was founded in 1994 by Saad's father, the late former Prime Minister Rafik al-Hariri, to rebuild central Beirut after the 1975-90 civil war. (Reporting by Tom Perry; Editing by Dan Lalor)










