BusinessAugust 21, 2026
bourses
BOOR-siz
Definition
A marketplace or exchange where stocks, bonds, and other financial securities are bought and sold.
Etymology
The word comes from the Middle French 'bourse', meaning a purse or bag. It originated from the 13th-century Van der Beurse family in Bruges, whose house served as a meeting place for merchants, eventually becoming synonymous with financial exchanges.
In the news
The article uses the term to describe the Pakistan Stock Exchange as one of the better-performing financial markets in Asia. It highlights how the exchange operates as a central hub for the banks that are heavily invested in government debt.
Pakistan's banks pour 62% of assets into government debt as private credit shrinks
Read the full article ↗IntelliNews