Summary
Beirut Stock Exchange
The dismal performance of the Beirut Stock Exchange since its reopening in 1995 is attributed to four main factors. High interest rates have discouraged investors. The small number of companies listed in the exchanged has forced share prices to rise while price/earnings ratios and dividend yields appear overstretched. The adoption of a fixed price trading system and political instability have also affected trading.See the full content of this document
Extract
A disappointing result.
ANDREW ALBUM reviews the progress of the revived Beirut Stock Exchange.
A little over a year ago, the Beirut Stock Exchange (BSE) reopened for business. After 12 years of inactivity - the BSE was shut in 1983 due to the ravages of civil war - many hoped that the bourse would rapidly develop into a source of capital to help finance the country's reconstruction. Housed in what used to be the local branch of the Iraqi Rafidain Bank, the exchange, says British j...See the full content of this document
Sponsored links
