DHAKA: Libya`s newly elected interim assembly has elected former opposition activist Mohammed Magarief as its president, a day after it assumed power.
Mr Magarief will lead the assembly in its task of appointing a prime minister and running the country until a constitution is drafted next year.
He is considered a moderate Islamist and beat a liberal in the vote.
The interim National Transitional Council handed power to the 200-member assembly on Thursday.
The NTC, which was formed during last year`s revolt that overthrew and killed Muammar Gaddafi, has now been dissolved.
Crowds in central Tripoli celebrated after the handover, which was the first peaceful transition of power in Libya`s modern history.
The new assembly is tasked with electing a prime minister and passing laws until full parliamentary elections can be held under a new constitution.
It was elected on 7 July, in the country`s first free and fair polls in decades and is a mixture of independent candidates and political parties.
Out of the 80 seats reserved for parties, the broadly secular National Forces Alliance, led by ex-interim Prime Minister Mahmoud Jibril - gained 39 seats, more than any other grouping.
BDST: 0940 HRS, AUG 10, 2012
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