Tripoli, January 4, 2025 – The Libyan Stock Market Main Index (L.S.M Index) began its trading for the current month of January with stability, as the index closed at 1,061.67 points, amid quiet trading activity that included the banking and financial services sectors.
The market’s daily report showed the total market value stabilizing at 10.66 billion Libyan dinars, while the value of executed trades during the session reached 12,434 dinars, involving the exchange of 1,578 shares through only 6 transactions.
The banking sector led the activity, with Al-Jumhouria Bank accounting for the largest trading value of approximately 8,930 dinars, followed by Al-Wahda Bank and Al-Mutawassit Bank. Meanwhile, the insurance sector experienced complete stagnation, with no buying or selling operations for its three companies: Al-Muttahida, Libya, and Al-Sahari.
The investment and financial services sector recorded a single transaction on shares of the Libyan Stock Market Company (LSM) worth 151.5 dinars, with the share price remaining stable at 24.50 dinars.
The report indicated that the prices of traded shares stabilized without any increase or decrease, while the rest of the listed companies remained outside the scope of active trading for the session.
Tripoli
Tripoli is the capital and largest city of Libya, with a history dating back to the 7th century BC when it was founded by the Phoenicians. It later became a significant part of the Roman Empire, the Ottoman Empire, and an Italian colony, which is reflected in its diverse architecture, including the historic Medina and Red Castle (Assai al-Hamra).
Libyan Stock Market Main Index
The Libyan Stock Market Main Index tracks the performance of listed companies on the Libyan Stock Exchange, which was established in 2006 to help develop the country’s financial markets and attract investment. Its history is closely tied to Libya’s post-sanctions economic liberalization efforts, though its activity has been significantly impacted by the political instability and conflict following the 2011 uprising.
Al-Jumhouria Bank
Al-Jumhouria Bank is a major state-owned commercial bank in Syria, originally established in 1967. It was formed through the nationalization and merger of several private banks, playing a central role in the country’s financial system and economic development.
Al-Wahda Bank
Al-Wahda Bank is a major commercial bank in Libya, founded in 1970 as part of the country’s efforts to develop its national financial sector following independence. It provides a wide range of banking services and has played a significant role in Libya’s modern economic history.
Al-Mutawassit Bank
Al-Mutawassit Bank, also known as the Central Bank of Syria, is the country’s primary monetary authority, established in 1953. It is responsible for issuing the Syrian pound and managing the nation’s monetary policy and foreign exchange reserves. Its history has been significantly shaped by the country’s political and economic developments, including periods of nationalization and ongoing international sanctions.
Al-Muttahida
“Al-Muttahida” is the Arabic name for the United Arab Emirates (UAE), a federal union of seven emirates on the Arabian Peninsula. It was formally established in 1971 following the end of British protection, with Abu Dhabi and Dubai as its leading members. The UAE has since transformed from a region of pearl diving and trade into a modern, influential global hub.
Libya
Libya is a North African country with a rich history that includes ancient Phoenician and Greek settlements, most notably at Cyrene, and later Roman rule. It was part of the Ottoman Empire before Italian colonization in the early 20th century, gaining independence as a kingdom in 1951 and later becoming a republic under Muammar Gaddafi from 1969 until the 2011 revolution. The country is home to five UNESCO World Heritage sites, such as the archaeological ruins of Leptis Magna, which testify to its significant historical legacy.
Al-Sahari
Al-Sahari is a traditional open-air market located in the city of Taiz, Yemen, historically serving as a major hub for trade and social interaction. Its history dates back centuries, reflecting the region’s importance along ancient caravan routes where goods like coffee, spices, and textiles were exchanged. Today, it remains a vibrant center of commerce and Yemeni cultural heritage.
Libyan Stock Market Company
The Libyan Stock Market Company, established in 2006 and commencing operations in 2007, is the sole securities exchange in Libya. It was created to help develop the country’s private sector and capital markets following economic liberalization efforts, though its activity has been significantly disrupted by the political instability and conflict following the 2011 revolution.
