Libya reopens its stock exchange

[dipsydoodle]

Libya's stock exchange has reopened for the first time since the fall of Colonel Muammar Gaddafi's regime.

The exchange has 10 companies on it and trade on its first day was worth 3.9bn Libyan dinars ($3bn; £2bn), its general manager said.

Almost all of the country's publicly traded firms are banks and insurers, except for al-Ahliya Cement.

Foreign investors will be able to own up to 10% of shares, once the central bank has finalised the law.

http://www.bbc.co.uk/news/business-17381885

[ellisonz]

1. Good for Libya. n/t