TRIPOLI Libya's stock exchange is to re-open on March 15, just over a year after the country's conflict forced it to close down, the head of the bourse said on Sunday. The exchange had previously said it would open at the end of February, but General Manager Ahmed Karoud said that was pushed back because of electricity outages at the bourse and delays in receiving regulatory filings from the listed companies.
Business News, Personal Finance and Money News - ABC News
The re-launch of the exchange will be a symbol that Libya is open for business again after the conflict that ousted Muammar Gaddafi. It is also likely to attract interest from foreign investors seeking opportunities in the new Libya.
THE PERFORMANCE OF LIBYAN STOCK MARKET | Financial Markets | Stock Market
In the next phase there will be a diversity in He said the market would re-open with five listed companies, down from the 13 who traded on the bourse before the conflict. He said the reduction was because some of the firms had not yet met the exchange's regulatory requirements. In an interview with Reuters last month, Karoud said the board was planning to set up a Sharia-compliant Islamic finance fund. Such funds tend to attract interest from wealthy investors in the Gulf. DUBAI Saudi Arabia's King Salman made his son next in line to the throne on Wednesday, handing the year-old sweeping powers as the kingdom seeks radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran.
Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Learn more about Thomson Reuters products:.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Markets European Markets Asian Markets Global Market Data Stocks Bonds Currencies Commodities Futures Funds Earnings Dividends.
Libya Stock Market
Special Reports Reuters Investigates Euro Zone Middle East China Japan Mexico Brazil Africa Russia India. Politics Home Polling Explorer Live: Technology Home Science Top Global Innovators Media Environment Innovation.
Breakingviews Home Breakingviews Video. Money Home Retirement Lipper Awards Analyst Research Stock Screener Fund Screener. Health Sports Arts Entertainment Oddly Enough. Pictures Home The Wider Image Photographers Focus Libyan stock exchange says to re-open on March World News Sun Mar 4, 5: Also In World News.
The Thomson Reuters Trust Principles. Next In World News.
From Around the Web Promoted by Revcontent. Photos of the Day. Follow Us On Twitter Follow Us On Facebook Follow Us On RSS Follow Us On Instagram Follow Us On YouTube Follow Us On LinkedIn.
Feeds Newsletters Podcasts Apps. Reuters News Agency Brand Attribution Guidelines Careers. Learn more about Thomson Reuters products: Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface.
Everything you need to empower your workflow and enhance your enterprise data management.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The industry leader for online information for tax, accounting and finance professionals.