Most notable news pertaining to the
Beirut Stock Exchange was a reminder that the BSE has been slated for transformation into a joint stock company and gradual privatization under the 2011 Capital Markets Law .
The company said that "A" shares would remain listed on the
Beirut Stock Exchange.
The BLOM Index for the
Beirut Stock Exchange saw about half of its gain from the previous week wither away, dropping 0.
Summary: The government must give incentives to investors to list on the
Beirut Stock Exchange if it wants to grow the capital market, capital markets experts said Monday.
The trading week on the
Beirut Stock Exchange, reduced to four days because of Easter observances, was truncated mainly in terms of investor attention as the country focused on the charm offensives of contenders for the presidency.
Analysts and brokers say that the
Beirut Stock Exchange needs more liquidity in order to see a more substantial volume of shares traded every day.
The most notable gainer outside of the GCC was the Egyptian Exchange; while the underperformer of week 15 was the
Beirut Stock Exchange (though the drop was less than one percent).
Summary:
Beirut Stock Exchange continued to reflect the relative positive mood in the country as the parliament seemed close to elect MP Michel Aoun as the new president of Lebanon following two-and-a half-year vacuum.
While and after designated cabinet members and members of Parliament were conversing intensely in the center of Beirut on March 19 and 20, the BLOM Index for the
Beirut Stock Exchange slipped to a close of 1219.
