• 10 Mar 2009 at 1:25 PM

Opening New Markets

By Bess Levin

_45552311_006977833-1.jpgAmid the rush to jab Western markets in the ass with the thick, pink inoculation of government, someone else is resorting to government bloodletting instead. Syria’s stock exchange has begun trading with a short, but interesting list of issues:

The Financial Times reported that the six companies that can be traded are Banque Bemo Saudi Franci, Bank of Syria and Overseas, United Group for Publishing, Advertising and Marketing, Arab Bank-Syria, Alahlia Company for Transport, and Bank Audi-Syria.
A further four companies have applied to list.

Seems finance-heavy to us, but with such a short list, it is probably hard not to be. No word on the legality of short-selling or the status of their uptick rule.
Syrian stock market starts trade [BBC News]

Comments (13)

  1. 1
    Posted by guest | March 10, 2009 at 1:36 PM

    Well, that’s nice, but where’s my triple-leveraged ultrashort Syria ETF?

  2. 2
    Posted by guest | March 10, 2009 at 1:52 PM

    Erin Burnett. Erin Andrews. Who’s hotter? If they were a couple, which one would be the “man”?
    Discuss.

  3. 3
    Posted by guest | March 10, 2009 at 1:53 PM

    @2. No market. They’re both over-rated! Trish Reagan-still the Champ!

  4. 4
    Posted by guest | March 10, 2009 at 1:53 PM

    My beautiful yellow metal is suffering and I need a bailout.
    I’m suggesting the government purchase 30 vans to drive around the country and allow the populace to handle this lovely metal. I promise you it is more intoxicating than any fermented substance.

  5. 5
    Posted by guest | March 10, 2009 at 1:56 PM

    @4. I have a beautful “mansion” in Queens, NYC that WAS selling for $556,000. Or, can I offer you beautiful property near the Sands Casino in Las Vegas, Nevada? If that doesn’t peak your interest, I also have a rancher that was valued for $776,000 in Fresno, CA or $885,000 in Scottsdale, AZ?

  6. 6
    Posted by guest | March 10, 2009 at 1:59 PM

    I like the Fresno, CA ranch. Offer $445,999.

  7. 7
    Posted by guest | March 10, 2009 at 2:10 PM

    I wouldn’t want to know what their version of “absolutely killing it” entails

  8. 8
    Posted by guest | March 10, 2009 at 2:16 PM

    i dare any of you to shot a syrian stock
    off with your hands
    TRB

  9. 9
    Posted by guest | March 10, 2009 at 2:17 PM

    Does anyone know stub pay for first year mullahs?

  10. 10
    Posted by guest | March 10, 2009 at 2:26 PM

    When the Chinese come a stomping. They aren’t going to be looking for your silly paper but they will be listening to my gold.
    “Paper! Paper!
    There is no gold in Aqaba.
    No gold! No great box!”

  11. 11
    Posted by Suits | March 10, 2009 at 2:38 PM

    More interesting:
    http://www.fox8.com/wjw-news-medina-fart,0,2761320.htmlstory

  12. 12
    Posted by guest | March 10, 2009 at 3:21 PM

    This market’s blowing up.

  13. 13
    Posted by guest | March 10, 2009 at 9:48 PM

    Nice turn of phrase, EP, and excellent Lawrence of Arabia reference @10, too.

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