Lebanon stock market to reopen

Lebanon's stock market will reopen this week following two weeks of closure imposed by a war between Israel and Hizbollah guerrillas that has hit the economy and sent share prices tumbling 14 per cent.

Lebanon's stock market closed on July 17 for security reasons after Israeli aircraft began pounding the country in response to Hizbollah's capture of two Israeli soldiers in a cross-border raid days earlier.

In the session before the closure, the bourse had reduced the maximum daily trading limit to 5 per cent after prices fell by the usual limit down of 10 per cent two days in a row. It will keep the special 5 per cent limit when it reopens.

- Reuters