DEFINITION of 'Beirut Stock Exchange - BSE'
The primary stock exchange for the country of Lebanon. Beirut Stock Exchange is run by a committee including a chairman, a vice-chairman and eight members appointed by the minister of finance. All BSE members are Lebanese Joint stock companies (SAL) and have a minimum capitalization of 500,000 Lebanese pounds.
BREAKING DOWN 'Beirut Stock Exchange - BSE'
Beirut Stock Exchange is one of the oldest stock exchanges in the Middle East, established in 1920. Trading at that time was concentrated on gold and currency transactions. The activity in the 1950s and 1960s increased with the enlisting of various banking and industrial firms along with bonds. Today, the exchange offers a wide variety of security products listed as part of the exchange.