Thursday 15 March 2012

Libya bourse resumes trading after year closure | Reuters

Libya's Stock Exchange resumed trading on Thursday after more than 12 months out of action, as the country gets back to business after last year's conflict ousted leader Muammar Gaddafi.

Officials on the trading floor rang a bell then shouted "Allahu Akbar!" or "God is great!" to announce the start of trading on a bourse which, its backers say, could take off now that it is unshackled from Gaddafi-era restrictions.

"People are scared to come to Libya because they fear all the guns. Today can show them that Libya is going back to normal," said a visiting businessman from Dubai, who did not want to be identified.

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