World Library  
Flag as Inappropriate
Email this Article

Beirut Stock Exchange


Beirut Stock Exchange

Beirut Stock Exchange
Type Stock Exchange
Location Beirut, Lebanon
Founded 1920
Key people Fadi Khalaf Chairman
Currency LBP
No. of listings 15

The Beirut Stock Exchange (or BSE) is the principal stock exchange of Lebanon. Located in Beirut, it is a public institution run by a committee including a Chairman, a Vice-Chairman and eight members appointed via a decree issued by the Council of Ministers, in accordance with a proposal by the Minister of Finance. All BSE members are Lebanese Joint stock companies (SAL) with a capital above 500,000 Lebanese Pounds and registered at the secretariat of the Commercial Register in. Members include holding companies and offshore companies. The BSE authorizes Brokerage firms the operation and trade in securities listed on the BSE according to the Bourse trading system and also lists the issuing companies (called "Listed companies") that have any of their stocks or other financial instruments listed.[1]


  • History 1
  • Hours 2
  • See also 3
  • References 4
  • External links 5


Beirut Stock Exchange, the second oldest market in the region, was established in 1920 by a decree of the French commissioner. Trading at that time was concentrated on gold and currency transactions, however in the 1930s there was an inflow of French, Syrian and local Lebanese investment which made it possible for the BSE to flourish, especially with the establishment of mixed Lebanese-French joint stock companies that were quoted simultaneously on the Paris and Beirut Stock Exchanges.[2] The activity in the 1950s and 1960s increased with the enlisting of various banking, industrial and services companies along with an amount of 50 listed bonds.

During the Lebanese Civil War trading activity halted in 1983. After 11 years a new administrating committee (in collaboration with the Bourse de Paris) re-launched the BSE with a new internal bylaw, re-structured and streamlined mechanisms and trading systems. A new automated brokers system was introduced, based on the fixing price instead of the traditional OTC voice brokers. On November 22, 1996, the BSE officially re-launched the trading activity in its hall. The BSE and Bourse de Paris signed a cooperation agreement in June 1999 and the new European NSC-UNIXEuronext system was set. In 2000, new forms of securities were listed such as GDR (Global Depository Receipt), investment funds shares, preferred stocks, priority shares and any other tradable derivatives. In late 2006, the BSE launched a new Remote Trading System, allowing the brokers to trade with the securities listed on the BSE "remotely" from their own offices.[3] I


The exchange has pre-trading sessions from 09:00am to 09:30am and normal trading sessions from 09:30am to 12.30pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[4]

See also


  1. ^, The BSE - About BSE. Retrieved on 2006-06-19.
  2. ^, Development of the Beirut Stock Exchange. Retrieved on 2006-06-19.
  3. ^, The BSE - History. Retrieved on 2006-06-19.
  4. ^ Market Hours, Beirut Stock Exchange via Wikinvest

External links

  • Beirut Stock Exchange official website
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.