Opening New Markets

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Amid 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]

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