Acting BSE Chairman Ghaleb Mahmassani speaks during an interview in Beirut, Thursday, July 3, 2014. (The Daily Star/Mohammad Azakir)
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Beirut Stock Exchange should be privatized in an attempt to attract more investors and increase the platform's activity, said the vice president of the Beirut bourse.Regarding the slow performance of BSE, Mahmasani said the volume of trade on BSE diminished from 2008-13 due to several factors, including the economic crisis.He added that the activity on BSE is highly affected by the political and security situation in Lebanon as well. However, Mahmasani expressed his optimism about a better performance of BSE in 2014 following the formation of the government.The volume of shares traded on BSE increased by 42.14 percent in the first six months of 2014 compared with the same period in 2013, and the value went up by 47.17 percent while the market capitalization surged by 9.53 percent.
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