Since the exchange opened for business at the end of September, only one common stock instrument, global depositary shares in Lebanese telecom operator Investcom, has been listed, along with some fixed-income and index instruments.
“The potential is still there, but trading has so far has been slow,” says a Dubai-based fund manager. “The only real IPO has been Investcom, but there’s been so little activity in the stock that I’ve had several clients phone me up to ask if it had been delisted.
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