The Libyan Exchange Stock Market ( ar, سوق الأوراق المالية الليبي) officially opened in

Tripoli Tripoli or Tripolis may refer to: Cities and other geographic units Greece *Tripoli, Greece, the capital of Arcadia, Greece * Tripolis (region of Arcadia), a district in ancient Arcadia, Greece * Tripolis (Larisaia), an ancient Greek city in ...

Libya Libya (; ar, ليبيا, Lībiyā), officially the State of Libya ( ar, دولة ليبيا, Dawlat Lībiyā), is a country in the Maghreb region in North Africa. It is bordered by the Mediterranean Sea to the north, Egypt to the east, Suda ...

, during March 2007.

Background

The Libyan Stock Market (LSM) was established by Suliman Alshahmy by Decision No. (134) of the

General People's Committee The General People's Committee ( ar, اللجنة الشعبية العامة, ''al-lajna ash-sha'biyya al-'āmma''), often abbreviated as the GPCO, was the executive branch of the government of Libya, during the existence of Muammar Gaddafi's L ...

(GPCO), on June 3, 2006, to form a joint stock company with capital of 20 million

Libyan dinar The dinar ( ar, دينار (); sign: LD in Latin, ل.د in Arabic; code: LYD) is the official currency of Libya. The dinar is divided into 1,000 dirhams (). It is issued by the Central Bank of Libya, which also supervises the banking system ...

s, divided into 2 million shares with a

nominal value In economics, nominal value is measured in terms of money, whereas real value is measured against goods or services. A real value is one which has been adjusted for inflation, enabling comparison of quantities as if the prices of goods had not c ...

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 Amman Stock Exchange (ASE) is a stock exchange private institution in Jordan, based in Amman. History The ASE was established in March 1999 as a non-profit, private institution with administrative and financial autonomy. It is authorized to ...

and

Cairo & Alexandria Stock Exchange The Egyptian Exchange (EGX), Egypt's stock exchange, comprises two exchanges, Cairo and Alexandria, both governed by the same board of directors and sharing the same trading, clearing and settlement systems. Presently, the chairman of the Egypti ...

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. "LIBYA 18 October 2007. A cooperation agreement was signed on Monday in London between the Libyan Stock Exchange Market and London Stock Exchange." The agreement was signed by the Chairman of Administration and General Director of the Committee for Libyan Stock Exchange Market and the Director of the London Stock Exchange. 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. The Libyan Stock Market closed following the eruption of the

Libyan Civil War Demographics of Libya is the demography of Libya, specifically covering population density, ethnicity, education level, health of the populace, economic status, and religious affiliations, as well as other aspects of the Libyan population. The ...

in February 2011. It remained closed until reopening the following year on 15 March 2012.

Organizer

* Head of oversight and Securities Inspection is Dr. Abdel Salam Alkesh. Head of IT Ahmed Balras-ali

Working Hours

The Libyan Stock Exchange has normal trading sessions from 10:00am – 5:00pm Sunday-Thursday, and holidays are declared by the exchange in advance.

References

External links

Libyan Foreign Investment Board

Libyan Foreign Bank

Bank of Commerce and Development

Libya stock market

Stock Alerts Market
{{Authority control Organizations based in Tripoli, Libya Stock exchanges in Africa Economy of Libya 2007 establishments in Libya

Background

Organizer

Working Hours

See also

References

External links