Communist Laos opens stock market to boost economy

January 11, 2011 06:42

BANGKOK— Communist Laos opened a modest stock market Tuesday, hoping to attract capital to its largest enterprises and boost the economy of one of the world's poorest nations.

The Lao Securities Exchange is initially offering shares in just two state-owned enterprises — Electricite du Laos Generation Company, the country's major energy company, and the Banque Pour Le Commerce Exterieur Lao, official Lao media said Monday. Foreign participation will be limited.Lao Star television showed a small opening ceremony at the exchange in the capital of Vientiane.

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