Beirut Stock Exchange Suspends Trading Until Further Notice

  • Economics
Beirut Stock Exchange Suspends Trading Until Further Notice

Beirut stock exchange on Monday announced that it will suspend trading until further notice, saying that it would be hard to carry on its work properly amid the ongoing strike staged by the Central Bank employees.

"Due to the open strike declared by the employees of Banque Du Liban, and in reference to the confirmation letter received by the Beirut Stock Exchange from Midclear stating that the latter cannot carry out the clearance and settlement process of transactions executed at the Beirut Stock Exchange, on time, during the period of open strike, and in order to protect the interest of all investors, the Beirut Stock Exchange declares the suspension of trading in its markets till further notice," read a statement posted on the official website of Beirut Stock Exchange.

Source: Kataeb.org