Hailed as one of the key engines for speeding up Libya’s privatisation process, the Libyan Stock Market saw its ambitions grind to a halt with the onset of the country’s revolution in February 2011. But exactly one year on, the country’s sole bourse is gearing up to start trading again – it was due to reopen its doors at the end of February – and usher in a new period of modernisation.
“We are going to resume trading at the end of February,” says Ahmed Karoud, general manager of the LSM, who was appointed to his role in December 2011. “I’m looking forward to seeing the stock market grow and really play a role in the Libyan economy. The next two years will be crucial.”
