- Title: LEBANON: BEIRUT BOURSE NEW OFFICES AND TRADING FLOOR INAUGURATED.
- Date: 25th September 1995
- Summary: BEIRUT,LEBANON 25 SEPTEMBER 1995 RTV-ACCESS ALL 1.SV FRENCH AMBASSADOR JEAN PIERRE LAFON AND ARTY ARRIVING (HAND ON TIE) AND ENTERING +SADAT OWER+ BUILDING 0.6 2.CU COMPANIES BOARD WITH +BOURSE DE BEYROUTH+ SIGN 0.12. 3.SV ACTING FINANCE MINISTER FOUAD SINIORA AND RIBBON 0.17 4.GV V.I.P.S CHATTING 0.22 5.SVS SINIORA CUTTING RIBBON IN AUGURATION CEREMONY/GIVES CISSORS TO HISHAM AL-OTEIBI, PRESIDENT OF THE UNION F ARAB BOURSES AND CHAIRMAN OF THE KUWAIT STOCK XCHANGE 0.32 6.SCU AMBASSADOR LAFON STATES THE SUPPORT OF FRANCE IN ETTING UP THE BEIRUT BOURSE (FRENCH) 0.53 7.GV CAMERACREWS 0.57 8.SCU ACTING FINANCE MINISTER SINIORA SAYING THAT THE BOURSE S AN IDEAL PLACE FOR THE LEBANESE ECONOMY TO ATTRACT APITAL AND THEY ARE PROVIDING ALL THE NECESSARY EGISLATION AND SUPPORT SO LEBANON CAN REGAIN ITS ROLE S A REGIONAL FINANCIAL CENTRE (ENGLISH) 1.23 9.SV SINIORA STANDING BY COMPUTERS 1.24 10.CU REUTERS COMPUTER 1.24 11.GV TRADING FLOOR AND COMPUTERS 1.30 Initials Script is copyright Reuters Limited. All rights reserved.
- Embargoed: 10th October 1995 13:00
- Location: BEIRUT, LEBANON
- Country: Lebanon ASIA MIDDLE EAST
- Reuters ID: LVA26VQRJB7W9LJM25C0LBWYJ664
- Story Text: The Beirut Stock Exchange opened its new offices and trading floor on Monday after a 12-year shutdown ready to resume trading as soon as it gets the official go-ahead.
Acting Finance Minister Fouad Siniora inaugurated the small trading floor with nine computer work-stations set up with the help of French government funds and Paris Bourse experts.
Trading has been delayed by the Council of State to allow the Bank of Lebanon and other bodies to give their opinions on the exchange's new internal regulations. The Council and the Government must approve the rules before trading begins.
In a major boost for the market, Siniora said moves were under way for shares of SOLIDERE, Lebanon's biggest company, to be quoted on it, more than quadrupling the expected capitalisation to about $2.75 billion.
Founded in 1920, the Beirut Stock Exchange was the most active in the Middle East before it closed in 1983 at the height of Lebanon's 1975-90 civil war.
- Copyright Holder: REUTERS
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