Libyan stock exchange to re-open

By REUTERS
March 5, 2012 00:45

 
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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.

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.

"We will resume trading on the Libyan Stock Market on March 15, after nearly a year and a month of being closed," Karoud told a news conference.

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