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Lebanon Finance News

Dedicated to economic and business news on Lebanon, managed by the team of Lebanon Opportunities.

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Beirut Stock Exchange

BLOM redeems $200 million shares. Bank converts $27 million earnings into equity

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BLOM Bank said it has redeemed and canceled 20 million preferred shares by buying them back at their issue price of $10 per share.

This operation has resulted in a decrease of $200 million in the bank’s total shareholder’s equity, which stoo….
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Solidere to delist its GDRs from London Stock Exchange. Listing costs outweigh low trading volumes

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Solidere said it has asked to delist its Global Depositary Receipts (GDRs) from the London Stock Exchange (LSE) effective June 29, 2017, due to low trading volumes.

Given the GDRs limited liquidity, the costs and administrative burdens are di….
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Beirut bourse outperforms Arab markets. Local exchange down two percent while major regionals down by two digits

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The Beirut Stock Exchange (BSE) has performed better than all the Arab stock markets in 2015 (counting figures from the first 11 months), with the exception of the Palestinian bourse.

The BSE declined by only 1.8 percent. The Saudi stock mar….
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Beirut Stock Exchange halted for technical issues. No impact was registered against listed companies

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Trading was halted on the Beirut Stock Exchange (BSE) today due to a technical difficulty, according to a statement issued by the BSE.

According to Ghaleb Mahmassani, Vice President of the BSE, an electronic malfunction affected computers. He….
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Beirut Stock Exchange halted for technical issues. No impact was registered against listed companies

equity-71.gif

Trading was halted on the Beirut Stock Exchange (BSE) today due to a technical difficulty, according to a statement issued by the BSE.

According to Ghaleb Mahmassani, Vice President of the BSE, an electronic malfunction affected computers. He….
Article details

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