Although no company undertook an IPO on the
Beirut Stock Exchange, Ernst & Young included Beirut-based Investcom as a Lebanon-based IPO in its report.
Summary: Finance Minister Ali Hassan Khalil on Wednesday sent a letter to the Cabinet requesting that
Beirut Stock Exchange be turned into a holding company to pave the way for an open capital market.
Salameh added that the online trading could be run from the
Beirut Stock Exchange if the Government privatises the stock market.
As many as 14 stock exchanges, including Kuwait Stock Exchange, Saudi Stock Exchange, Egyptian Stock Exchange, Bahrain Stock Exchange,
Beirut Stock Exchange, Doha Securities Market, Tunis stock Exchange, Dubai Financial Market, Amman Stock Exchange, Abu Dhabi Securities Exchange, Muscat Securities Market and Libyan Stock Market, are members of the union.
The
Beirut stock exchange was not affected at all by external factors, since the companies listed are local with stable profits and good performance," Samuelian said.
Levant funds seemed to have fared better with five funds in Zawya's top 10 gainers to date, led by Lebanese funds which have risen on the back of the 30 per cent rise by the
Beirut Stock Exchange this year.
Solidere shares trade on the
Beirut Stock Exchange, its GDRs on the London stock Exchangewww.
Through its fully owned investment bank, Credit Libanais Investment Bank (CLIB), Credit Libanais has a seat at the
Beirut Stock Exchange and undertakes stock market transactions.
In spite of the fanfare when it opened, the
Beirut Stock Exchange continues to disappoint.
