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Libyan Stock Market: Enhancing Efficiency and Investment Opportunities

The Libyan Stock Market (LSM) is a corporation acting as an exchange, depository center, and capital market authority. Its mission is to promote fairness and transparency, develop LSM rules and regulations, and join regional and international capital market organizations. The LSM aims to benefit the Libyan economy by creating investment opportunities, improving financing allocation, facilitating privatization, and attracting foreign investors.

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Libyan Stock Market: Enhancing Efficiency and Investment Opportunities

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  1. Overview 1- The Libyan Stock Market (LSM) has been established by the decree of the General People’s Committee No. (134) for the year of 2006. 2- LSM is under the supervision of Secretary for the People’s Committee for Economic, Trade and Investment (Ministry of Economic). 3- The headquarter is located in the city of Benghazi while the main branch in the capital city of Tripoli. 4- LSM is organized as a corporation and acting as exchange, depository center and capital market authority.

  2. Vision Enhance Libyan companies Efficiency and Competitiveness Protect Investors & Minimize Risks Mission Promote Fairness & Transparency Strategic Goals Develop LSM Rules & Regulations Continuous Development of LSM Institutional Structure Implement Electronic Systems Increasing Investment Awareness Continuous Training of LSM Staff and enhance Internal Work Processes Joining Regional and International Capital Market Organizations

  3. What the Libyan Economy could benefit from LSM? 1- Creating a suitable environment of bond and share investment. 2- Encouraging saving and raise investment awareness. 3- Improving the allocation of financing sources. 4- Allowing the comparison of the investment opportunities. 5- Facilitating the privatization program and transfer the ownership of economic public units, state- owned establishments and companies, to the general public.

  4. What the Libyan Economy could benefit from LSM? 6-Facilitating the program of distributing wealth to the poor Families in Libya. 7- Diversifying portfolios and more importantly, converting shares to cash when required. 8- Attracting foreign investors.

  5. LSM Development Structuring LSM organizational chart Implementing Administrative Regulations Investing in Human Capital Improving the working environment Implementing Management of Information Systems

  6. Promoting Investment Awareness Media Campaign. Public Seminars. Website. Publications: Periodical publications: weekly Newspaper (Called the Economic Index). Manuals: Basic concepts on investment. Legal concepts relating to Libyan Capital market. How to understand Financial Statements.

  7. Regional and International Cooperation Signing MOUs with regional and international Capital Markets and Regulators. Participating in International conferences and Training courses (SEC, NYSE, Amex, London Exchange, Moscow Exchange). Participating in Regional conferences and Training courses (Egypt, Jordan, Syria, Tunisia, Mascat). Joining AMEDA, Arab Union for Stock Exchange and ANNA.

  8. What is next? Publishing the Roles and Regulations which have been already issued. Continuous Training for Staff and Employees. Selecting Electronic Systems for Trading and settlement. Examining and Licensing the broker-Dealers. The Electronic Trading will be started in early 2008.

  9. Central Depository and Registory Department (C D R) sole of Libyan stock market (LSM) department providing clearing and settlement service to Libyan market. Facilitate securities trade to encourage higher level of trading activities compared to what used to take place under the previous system.

  10. Clearing and settlement of operation executed at (LSM). Handing corporate actions ( cash and stock dividend etc ….) according to the issues assemblies decisions. Management of a pledge system for all securities lodged into the central depository. Management of the settlement guarentee fund to eliminate suspended movements due to broker’s defaults. (C D R) main activities and services.

  11. Controling Dep. Custodian Custodian Trading Dep. 2 2 Broker Broker 1 1 3 3 TRADE EXC. 10 Investor Investor 5 4 9 Clearing Bank Clearing Bank 7 Registry & Depository Dep. 6 6 8 8 SETTLEMENT CUARANTEE FUND

  12. First subscription in LSM Total number of executed subscriptions is 468 . Number of subscriptions is 447 subscriber ( 12 legal & 435 natural ) . Total shares by bonds is 4,603,250 shares . Total value is 32,222,750 L.D ( 27,136,004 legal & 726,678 natural ) . The percentage covered is % 115.080 .

  13. سوق الأوراق المالية الليبي Libyan Stock Market لمزيد من المعلومات زوروا موقعنا على شبكة الإنترنت... www.lsm.gov.ly www.lsm.gov.ly

  14. Thank you 15

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