Beirut Stock Exchange
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| Beirut Stock Exchange | |
| Logo goes here | |
| Founded | 1995 |
|---|---|
| Headquarters | Beirut Central District, Lebanon |
| Products | Company equities and bonds denominated in euros and investment funds |
| Web site | http://www.bse.com.lb/ |
The Beirut Stock Exchange (BSE) is the main stock exchange of Lebanon. The exchange reopened for business in 1995 after a period of closure. The exchange lists company equities and bonds denominated in euros and investment funds.[1]
History
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The exchange was originally established just after World War I, with the start of the French mandate in 1920. In its early years, operations were restricted to gold and currency transactions. The market, the first in the Middle East, attracted investments from France and Syria as well as from within Lebanon, and flourished with the establishment of mixed Lebanese-French joint stock companies in the 1930s which were quoted simultaneously on the Paris and Beirut Stock Exchanges.
Trading on the Beirut Stock Exchange continued to prosper into the 1950s and 1960s. Activity slowed down with the beginning of the war in 1975, however. In 1983, the Stock Exchange Commission suspended activities, as economic activity was seriously disrupted. This suspension lasted 12 years. In September 1995, the Beirut Stock Exchange was officially reopened, and trading began in January 1996.[2]
