Despite being the second oldest stock market in the Gulf region, Lebanon's principal stock exchange is also among the smallest; the country's market capitalisation accounted for about 1.2% of the aggregate market capitalisation of Arab equity markets in 2009.rnThe prevailing opinion is that the Beirut Stock Exchange (BSE) is not quite living up to its potential. "Our stock exchange is relatively irrelevant to economic activity in Lebanon. It does not play a role in funding economic activity or helping listed companies expand. Therefore, there is no incentive for companies to list," says Nassib Ghobril, head of economic research and analysis at Byblos Bank.
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