Mongolian Stock Exchange - Ulan Bator, Mongolia
Posted by: tatie
N 47° 55.076 E 106° 54.967
48T E 643157 N 5308955
Mongolian Stock Exchange is located in Ulan Bator, Mongolia.
Waymark Code: WMM01P
Location: Mongolia
Date Posted: 06/25/2014
Views: 8
The Mongolian Stock Exchange (MSE), located in Ulan Bator, is Mongolia's sole stock exchange.
"It was established in January 1991 by the decree of the Mongolian Government to privatize state-owned assets. MSE was the world's best-performing stock market after an increase of 121 percent in 2010. In 2011, MSE ranked the second best performing stock exchange in the world with 57.8 percent increase after Venezuela Caracas Stock Exchange, which increased by 80.8 percent.
The MSE has seen rapid growth in the past five years. As recently as 2006, it was the world's smallest stock exchange by market capitalisation (at that point roughly US$83 million). That grew to US$406 million by 2008 and then quadrupled again to US$2 billion by 2011. As of March 2012, it has 332 listed companies with a combined market capitalization of 2.9 trillion MNT (US$2.3 billion)."
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