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New Securities Market Law is set to be passed

16048-262147001.jpgAdministration and Public Relations Department of the Parliament has officially announced that the New Securities Market Law has been supported by the Standing Committee on January 7th 2013. Minister for Economic Development and a parliament member N.Batbayar has handed in the New Securities Market Law to the Speaker of the parliament, Z.Enkhbold for parliament discussion.

The initiator of the New Securities Market Law underlines that the growing interest of companies to be listed on both foreign and domestic markets (dual listing), which did not exist on the current law, has become the basis of this new law.

Most importantly, the New Securities Market Law has amplified accountability and transparency of IPO procedure and responsibility that relates to information on the prospectus to minimize risks for shareholders.

Securities Market Law was first passed in 1996 and was amended in 2002. In recent years, more and more companies are raising capital through capital market; as a result of strong demand, market value of Mongolian Stock Exchange grew as follows:

· MNT 620.7   bn in 2009

· MNT 1,329.9 bn in 2010

· MNT 3,219.2 bn in Feb 2011

· MNT 2,100.7 bn in November 2011

The number of broker & dealer companies operating in the securities market was 25 in 2006, 51 in 2010, and became 88 in November 2011.

You can find our research piece on the New Securities Market Law here.

 
  Market summary
Index
value Change Date
BDS
3346.39 0.11% 2014-08-27
TOP20
15767.30 -0.07% 2014-08-27
Stock Market Information
  • Standard
  • Non-standard
Symb Volume Close Change
GTB
10010
87
-1.00%
TTL
470
5050
0.00%
UID
104
565
0.38%
MSE | 2014-08-27
Real Time Stock Market Quotes
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Exchange Rate

Metal Ask Bid
68,604.18
68,731.50
1,097.92
1,225.24
 
Date : 2012-06-14
Petrol Ask Bid
1950
0
1850
0
1500
0
Date : 2012-03-26
Bond name
Par value
Interest% (month)
100000 USD
6.25 %
10$ USD
11
5000 төгрөг
1.64


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