President Visits Bombay Stock Exchange, Holds Discussions on Capital Market Development

President Ibrahim Mohamed Solih on Wednesday evening visited the Bombay Stock Exchange (BSE).

During this visit, the President and the Maldives delegation of senior government officials and business leaders held discussions with the board members and other management staff of the BSE about investment and capital market development opportunities. In this regard, they expressed interest in finding avenues to collaborate on developing Maldives’ stock markets.

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Accompanied by the Chairman of BSE, Shri S.S. Mundra, the President toured the BSE Network Operation Centre and the Security Operation Centre, and participated in a symbolic bell ringing ceremony. Stock exchanges around the world use bell ringing to signal opening and closing of the day’s stock trading.

The BSE, which was established in 1875, is Asia’s first stock exchange, with over 5000 companies listed on it.

President Solih is currently on a four-day official visit to India at the invitation of Prime Minister H.E. Narendra Modi. A high-level delegation of government officials and business leaders from the Maldives are accompanying the President on this visit.

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