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The performance of Libyan stock market

Author

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  • Atiya Aljbiri

    (Department of Finance, University of Tripoli, Faculty of Economics, Tripoli - Libya)

Abstract

The objective of this paper is to answer the following question:. To what extent Libyan stock market developed to contribute to economic growth in Libya? This can be evaluated by using many financial indicators, these include stock market size, activity and efficiency, as well as the study including the regulatory framework, and information technology (IT) set in place by the market authorities. However, descriptive and comparative method was used. The results indicated that, despite the modest progress made in a very short time regarding all indicators which the paper calculated, however, it can be said that Libyan stock market remain largely underdeveloped, small and relatively inefficient. Its market capitalization to GDP is very low and investors have no access to long-term capital. In addition, the market still have very low liquidity and investors still have a limited choice of financial instruments and face liquidity problems. In the end of this paper was its conclusion a set of recommendations that can be used in developing a program that aims to speed the development of Libyan stock market and increase its efficiency.

Suggested Citation

  • Atiya Aljbiri, 2012. "The performance of Libyan stock market," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 60(7), pages 27-38.
    • Handle: RePEc:mup:actaun:actaun_2012060070027
    DOI: 10.11118/actaun201260070027
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    References listed on IDEAS

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    1. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 1999. "A new database on financial development and structure," Policy Research Working Paper Series 2146, The World Bank.
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    Cited by:

    1. Salem Amara, 2021. "An Overview of Corporate Governance Practice in Companies Listed on the Libyan Stock Market," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 7(3), pages 287-304, July.

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