Maldives Stock Exchange: Difference between revisions
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The '''Maldives Stock Exchange''', is a private sector [[Stock Exchange]] in [[ |
The '''Maldives Stock Exchange''' (MSE), is a private sector [[Stock Exchange]] in [[Malé]], [[Maldives]]. |
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A ''Securities Trading Floor'' (STF) was first established on 14th April 2002. It was operated by the ''Capital Market Development Authority'' (CMDA), the regulator. However, the [[Security (finance)|Securities]] Act 2006 requires that CMDA invite offers from a private company to establish and operate a stock exchange. The Maldives Stock Exchange Pvt Ltd has been licensed to operate as a Stock Exchange since the [[23 January]] [[2008]]. As such the MSE started its operations effective from [[24 January]] [[2008]]. |
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The primary function of MSE is to facilitate companies raise capital through the issue of new securities. The MSE provides a regulated market for the trading of securities between investors. The MSE is also the centre for trade reporting and pricing of the stocks. It also provides clearing, settlement and depository services through a subsidiary, the ''Maldives Securities Depository'' (MSD) |
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With 5 listed companies and 4 trading members, the total market capitalization of the listed companies was MVR 2,125,519,460.00 as of [[24 March]] [[2008]]. |
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The Maldives Stock Exchange Index (MASIX) was published on [[28 October]] [[2004]]. Like other stock market indices, MASIX captures the overall movement in prices & changing expectations of the Maldives Stock Market. MASIX – represents the Maldives Stock Exchange. |
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It was operated by the ''Capital Market Development Authority'' (CMDA) as part of the regulator. However to separate the [[stock exchange|exchange]] operation, ''Maldives Stock Exchange'' (MSE) was licensed as a [[private sector]] exchange on [[23 January]] [[2008]] under the [[Maldives]] [[Security (finance)|Securities]] Act by the ''Capital Market Development Authority'' (CMDA). |
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As such the MSE is operated by the ''Maldives Stock Exchange Company Pvt Ltd'', effective from [[24 January]] [[2008]]. |
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In 2001, The Investor Education and Market Awareness program was launched |
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In 2001, a third public company issued shares to the public. In 2002, a fourth public company was registered in the MASIX index. |
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==See also== |
==See also== |
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*[[Economy of the Maldives]] |
*[[Economy of the Maldives]] |
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==References== |
==References== |
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*[http://www.mse.com.mv/ Maldives Stock Exchange Official Website] |
*[http://www.mse.com.mv/ Maldives Stock Exchange Official Website] |
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*[http://www.msd.com.mv/ Maldives Securities Depository Official Website] |
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{{reflist}} |
{{reflist}} |
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[[Category:2002 establishments]] |
[[Category:2002 establishments]] |
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Revision as of 05:51, 25 March 2009
The Maldives Stock Exchange (MSE), is a private sector Stock Exchange in Malé, Maldives.
A Securities Trading Floor (STF) was first established on 14th April 2002. It was operated by the Capital Market Development Authority (CMDA), the regulator. However, the Securities Act 2006 requires that CMDA invite offers from a private company to establish and operate a stock exchange. The Maldives Stock Exchange Pvt Ltd has been licensed to operate as a Stock Exchange since the 23 January 2008. As such the MSE started its operations effective from 24 January 2008.
The primary function of MSE is to facilitate companies raise capital through the issue of new securities. The MSE provides a regulated market for the trading of securities between investors. The MSE is also the centre for trade reporting and pricing of the stocks. It also provides clearing, settlement and depository services through a subsidiary, the Maldives Securities Depository (MSD)
With 5 listed companies and 4 trading members, the total market capitalization of the listed companies was MVR 2,125,519,460.00 as of 24 March 2008.
The Maldives Stock Exchange Index (MASIX) was published on 28 October 2004. Like other stock market indices, MASIX captures the overall movement in prices & changing expectations of the Maldives Stock Market. MASIX – represents the Maldives Stock Exchange.
See also
References
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