TRIPOLI, Dec 25 (Reuters) - Libya's Stock Market resumed trading on Monday at a hall in the capital Tripoli after more than nine years of closure because of the political and security situation. The stock market also has a trading hall in Libya's second city of Benghazi where trading is expected to resume next week, a source said on Monday. "The importance of the stock market is embodied in doubling the gross domestic product and helping to close the budget deficit, which reduces the burden on the state’s general budget," he said. He said the stock market would strive to bring about an increase in the volume of listings. After the fall of the former regime of Mummar Gaddafi in the NATO-backed uprising in 2011, it suspended trading for more than 12 months.

Source: Libya Today December 25, 2023 23:08 UTC