CAIRO: Libya is to re-open its stock exchange on March 15, more than one year after the country's uprising began against former leader Muammar Gaddafi, the state-run news agency reported Monday. It comes as the country attempts to reboot its stalled economy since the ousting of Gaddafi last fall after months of bloody conflict left the country in tatters. The exchange will open with five listed companies, compared with 13 companies before the conflict. The head of the bourse, Ahmed Karoud, said the decline in companies is because other firms did not meet the bourse's regulatory requirements. Traders are hopeful that the return of the market will also see a return of economic prosperity for Libya. “We went through an uprising and civil war and people are tired and we want to get back to business and the stock market should be a good start,” said Ibrahim AbdelMajid, a former employee of the stock market who joined the rebels last year. Gaddafi, who ruled the North African country for 42 years, was captured and killed in his hometown Sirte in October. BM ShortURL: http://goo.gl/vhL9X Tags: Economy, Stock Market, Trading Section: Business, Latest News, Libya
