In: Finance
1. NSE, or the National Stock Exchange of India Limited, is India’s leading stock exchange. Established in 1992 and located in Mumbai.NSE was the first stock exchange in India where ownership, management and trading were handled by three independent set of people. While the ownership is with various financial institutions and banks, the management is handled by independent professionals who are forbidden from directly or indirectly trading on the exchange.
Functions of NSE
NSE, like every other leading stock exchange today, runs an order-driven market as opposed to quote-driven market. The fully automated screen based trading system that it runs is called National Exchange for Automated Trading (NEAT).
2. The Casablanca Stock Exchange is a stock exchange in Casablanca, Morocco. The Casablanca Stock Exchange (CSE), which achieves one of the best performances in the region of the Middle East and North Africa (MENA), is Africa's third largest Bourse after Johannesburg Stock Exchange (South Africa) and Nigerian Stock Exchange in Lagos. It was established in 1929 and currently has 19 members and 81 listed securities with a total market capitalisation of $71.1 billion in 2018.
In 1993 the stock exchange saw a major reformation that has lead to the installation of a modern electronic trading system with the future hope of implementing a central scrip depository. There are no restrictions when it comes to foreign investment or foreign ownership of companies on the stock exchange. However local and foreign investors receive a 10% tax implication on dividends but no capital gains tax. Casablanca and the Tunis stock markets are covered by a quarterly report that includes individual indexes for each market on the Arab stock exchange which was established by the Arab Monetary fund based in Abu Dhabi.