By Regional Press Network (RPN) Saturday, July 04, 2009 Listen to the Article - Powered by BEIRUT: Equities on the Beirut Stock Exchange (BSE) rode a mid-week wave of optimism regarding the prospects of a new cabinet, ending the week up 2 percent. Despite a pick-up in trading activity, analysts and traders said the market remained in "wait-and-see" mode pending the announcement of a new cabinet before equities can surge. Trading activity was stronger and more broad-based than the previous week, as the total value of traded shares rose 41 percent and traded preferred share value posted a remarkable 650 percent advance to $1.5 million. The market capitalization as of July 3 stood at $11.6 billion. The BSE was off to a weak start on Monday following security breaches in the capital Beirut Sunday night. However, by mid-week,... [read full story]
