Libyan Stock Market
 | |
| Company type | Stock Market |
|---|---|
| Founded | March 2007 |
| Founder | Team of experts |
| Headquarters | , |
Key people | Dr.Ahmed Kroad General Director |
| Website | www.lsm.gov.ly |
The Libyan Exchange Stock Market (Arabic: سوق المال الليبي) officially opened in Tripoli, Libya, during March 2007.[1][full citation needed]
Background
[edit]The Libyan Stock Market (LSM) was established by Decision No. (134) of the General People's Committee (GPCO), on June 3, 2006, to form a joint stock company with capital of 20 million Libyan dinars, divided into 2 million shares with a nominal value of 10 LD per share. The first phase focused on introducing financial definitions and rules, the addition of several workshop courses, and a series of agreements with the Amman Stock Exchange and Cairo & Alexandria Stock Exchange and the Egyptian Company for Clearance and deposit.
Listed market securities include the National Mills and Fodder Company, the United Insurance Company, Bank of deserts, and the Libyan Insurance Company, Sahari Bank, and the Hay Alandalus Domestic Bank. The volume of subscription on July 2, 2007, totalled 49539 shares, with a total value amounting to 346.773 LD.[2]
A cooperation agreement was signed on 18 October 2007 by the Chairman of Administration and General Director of the Committee for Libyan Stock Exchange Market and the Director of the London Stock Exchange.[3] The agreement provides for training teams from the Libyan Stock Exchange in Tripoli and in London to enable them to run the stock market operations. In addition there will be regular reviews of the Libyan regulations and systems, to modernize them from time to time, and for seminars and conferences organized by the London Stock Exchange.
In February 2011, the Libyan Stock Market closed following the eruption of the Libyan Civil War. It reopened on 15 March 2012.[4]
See also
[edit]References
[edit]- ^ Business Intelligence-Middle East March 15, 2007
- ^ ميدل ايست اونلاين
- ^ "Economy of Libya - Fanack.com". The MENA Chronicle. 10 June 2020. Retrieved 20 January 2025.
- ^ Soguel, Dominique. "Libya's stock market in low-key opening". Agence France-Presse. Retrieved 16 March 2012.
External links
[edit]- Libyan Foreign Investment Board
- Libyan Foreign Bank Archived 2008-10-15 at the Wayback Machine
- Bank of Commerce and Development
- Libya stock market
- Stock Alerts Market
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| National | |
