I have a following program for NASM (ArchLinux i686)

SECTION .data
LC1: db "library call", 0

SECTION .text
extern exit
extern printf

;global main
;main:
global _start
_start:
push    LC1
call    printf

push    0
call    exit

Which is assembled with command:

nasm -f elf libcall.asm

If to comment two lines with _start and uncomment two lines with main, then assemble and link with the command:

gcc libcall.o -o libcall

Then the program runs OK. But if to assemble the code with _start entry point and link with the command:

ld libcall.o -o libcall -lc

Then after launching the program in bash (via the command ./libcall) the following error message is returned:

bash: ./libcall: No such file or directory

Although the libcall file does exist. objdump shows the following:

[al libcall ]$ objdump -d libcall

libcall:     file format elf32-i386


Disassembly of section .plt:

08048190 <printf@plt-0x10>:
 8048190:   ff 35 78 92 04 08       pushl  0x8049278
 8048196:   ff 25 7c 92 04 08       jmp    *0x804927c
 804819c:   00 00                   add    %al,(%eax)
    ...

080481a0 <printf@plt>:
 80481a0:   ff 25 80 92 04 08       jmp    *0x8049280
 80481a6:   68 00 00 00 00          push   $0x0
 80481ab:   e9 e0 ff ff ff          jmp    8048190 <printf@plt-0x10>

080481b0 <exit@plt>:
 80481b0:   ff 25 84 92 04 08       jmp    *0x8049284
 80481b6:   68 08 00 00 00          push   $0x8
 80481bb:   e9 d0 ff ff ff          jmp    8048190 <printf@plt-0x10>

Disassembly of section .text:

080481c0 <_start>:
 80481c0:   68 88 92 04 08          push   $0x8049288
 80481c5:   e8 d6 ff ff ff          call   80481a0 <printf@plt>
 80481ca:   6a 00                   push   $0x0
 80481cc:   e8 df ff ff ff          call   80481b0 <exit@plt>

How the NASM assembly code should properly be linked with to libc via ld?