S&P considers removing stocks of Lebanon’s largest companies from indexes

SourceThe National
SectorFinancial Markets

S&P Dow Jones Indices, the division of ratings agency S&P Global that creates stock market indexes, has launched a consultation exercise on removing Lebanese shares from several of its indexes as a result of the country’s worst economic crisis in decades.

S&P DJI said that it already took some measures “to address ongoing market accessibility issues in Lebanon caused by the imposition of capital controls”. It added that although it has been monitoring the situation, little progress has been made to address to problems caused by these controls.

“Given the situation in the country regarding foreign currency shortages and fund repatriation concerns, S&P DJI

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