Beirut  - Shares in Lebanese real estate market heavyweight Solidere rose Wednesday shortly after Lebanon's political rivals announced a deal to end political deadlock in the country as well as the end of the sit-in led by the opposition Islamist group Hezbollah in downtown Beirut.

Solidere's A shares rose to 31 dollars and its B shares were up 12.04 per cent to 28.01 dollars.

Solidere, the country's largest company by market value, recently said it had agreed to jointly develop a 60-billion-dollar project on the coastline of Ajman, one of the United Arab Emirates. The real estate company is seeking to expand its portfolio.

Earlier this month, Solidere's general manager said profits were likely to match last year's levels of 130 million dollars.

Former prime minister Rafik Hariri, who was assassinated three years ago, founded Solidere in 1994 to rebuild downtown Beirut after the 1975-1990 civil war.

On May 16 Solidere surged 12 per cent, a day after the country's worst political crisis since the 1975-90 civil war eased.

On May 15, an Arab League mediation mission sealed an agreement that ended fighting between ruling coalition supporters and Hezbollah and called for dialogue between rival leaders in Doha.

After six days of talks in the Qatari capital Doha, Lebanon's ruling coalition majority and the opposition powers clinched another deal, under which parliament would convene to elect army chief General Michel Suleiman as president, Qatar's Prime Minister Hamad bin Jabir al-Thani announced. (dpa)