SemDex.com is a [[parking lot]]
Title
The Stock Exchange of Mauritius
Description
The Stock Exchange of Mauritius Ltd (SEM), was incorporated in Mauritius on March 30, 1989 as a private limited company. The Stock Exchange of Mauritius Ltd., a privately owned organisation with a public mandate is committed to becoming a World Class Stock Exchange. The mission of the SEM is strive to position itself as a service-driven and operationally excellent organisation with world-class trading and settlement capabilities, which incorporate and maintain the fundamental principles of market integrity, investor protection and efficient price discovery.
The SEM operates two markets: the Official Market, on which securities of listed companies are traded, and the Over-The-Counter (OTC) Market. The Official Market started its operations in 1989 with five listed companies and a market capitalisation of nearly US $ 92 million. Currently, there are 41 companies listed on the Official Market representing a market capitalisation of nearly US$ 2,655.84 million as at 31 May 2006.
The stock market was opened to foreign investors following the lifting of exchange control in 1994. Foreign investors do not need approval to trade shares, unless investment is for the purpose of legal or management control of a Mauritian company or for the holding of more than 15% in a sugar company. Foreign investors benefit from numerous incentives such as revenue on sale of shares can be freely repatriated and dividends and capital gains are tax free.
Contact
- The Stock Exchange of Mauritius Ltd.