Such a Quiet Libyan Stock Exchange

The oil is flowing freely, but the equity market doesn’t feel it
November 2011: After Qaddafi's fall, rebels relax in one of the dictator's palaces Photograph by Jeroen Oerlemans/Panos Pictures

The cartoon adorning the cover of the Libyan Stock Market brochure is stark: A man with a frown on his face and his pockets turned inside out explains to his horrified wife how he has been swindled by an unscrupulous broker. The message—that investors should stick with a regulated market—is being pushed hard by the fledgling stock exchange as it struggles to establish itself.

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