Member Exchanges

Stock Exchange of Mauritius

www.stockexchangeofmauritius.com

Tel : 230 212 9541
Fax : 230 208 8409

 

Representatives

Chairman : Mr. P. Gopallen Mooroogen

Chief Executive : Mr. Sunil Benimadhu

2010 holidays

January - 1  |  February - 1, 12  |  March - 12, 16  |  September - 10  |  November - 2, 5

  • * - Half trading day (Short trading day)   |
  • ** - To replace a public holiday that falls on a Sunday   |
  • *** - Close early   |
  • **** - Will close at 1.00pm
  • ο - Subject to the appearence of the moon   |
  • † - Subject to change   |
  • (I) - Weekends in Iran : Every Thursday & Friday
  • (II) - Weekends in Israel : Every Friday & Saturday   |
  • (III) - In Malaysia, Saturday & Sunday are non-trading days

 

Types of Securities Traded

Name of Trading Systems

(cash and derivatives)

Trading Hours

 

Ordinary shares as well as preference shares, rights and units issued under a trust approved scheme.

 

 

The complete transaction cycle, from placing of order to settlement, is fully automated. Brokers have an online connection to SEM's Automated Trading System (SEMATS) and they place buy and sell orders through workstations located in their office. When a broker places a sell order, SEMATS automatically verifies whether the securities are available in the CDS system prior to accepting the sell order in the central order book.

 

Official Market: 9:00am to 13:30pm


DEM Market: 9:00am to 13:30pm             

 

Monday to Friday                    

 

 

 

Supervising Bodies

Financial Services Commission


Name of Clearing & Settlement Organization

Central Depository & Settlement Co. Ltd


Settlement Cycle

The Central Depository & Settlement Co. Ltd (CDS) provides its services within an online computer system with Participants having direct online access to the system. Trades are settled within a rolling T+3 settlement cycle on a strict Delivery versus Payment (DvP) basis. Final and irrevocable transfer of funds occurs through the central bank with same-day funds on settlement date.


Name of Central Securities Depository

Central Depository & Settlement Co. Ltd


Commissions on Transactions levied by Exchange

Value of Transaction
(Rs)

Stockbroking Company
(%)

SEM
(%)

FSC
(%)

CDS
(%)

Total fee claimed for apportionment
(%)

Not exceeding 3 million

0.75

0.25

0.05

0.20

1.25

More than 3 million but not exceeding 6 million

0.70

0.25

0.05

0.15

1.15

More than 6 million but not exceeding 10 million

0.60

0.25

0.05

0.15

1.05

More than 10 million

0.50

0.25

0.05

0.10

0.90

 

Taxes on Dividends, Interests    

There are no tax on Dividends and Capital Gains


2009 Share ownership thresholds (%)

None, except in the case of foreign investors, where they hold more than 15% in a sugar company.

 

Short selling (Yes / No)

No


Short selling conditions (if any)