Beirut bourse aims to attract sukuk listings

May 21, 2014 12:44 am

The Beirut Stock Exchange (BSE) has announced it will launch an advanced electronic trading system, in collaboration with NYSE-EURONEXT International, The Daily Star has reported. The new system aims to encourage the listing of Islamic bonds, or sukuk, on the bourse and attract financing through financial markets as well as the banking sector, said acting BSE chairman, Ghaleb Mahmassani. “This system will also increase the supply and demand movement and buttress the investment confidence in Lebanon and the economy,” Mahmassani added.