The positive indications of the Index Performance of the Malta Stock Exchange show that the Maltese economy is one of the best performers in Europe, President Marie Louise Coleiro Preca said this morning.
Speaking at the inauguration of a collective art exhibition to commemorate the 25th anniversary of the Malta Stock Exchange, Mrs Coleiro Preca said consuer confidence was also quite strong, and along with other positive economic fundamental requisites, offered a bright future for the Maltese Equity Market.
The President commended the unwavering hard work carried out by the Malta Stock Exchange, which she described as a success story.
“Everyone is aware that ever since the Malta Stock Exchange commenced its trading operations on the 8th January 1992, it has grown from strength to strength. I have no doubt that your ambition to maintain, and indeed, to consolidate, the success achieved so far, will drive you in the years to come towards strengthening the future prosperity for our country and its people.”
“With such a positive outlook, I am pleased to learn that it is the aim of the Malta Stock Exchange to continue to expand beyond our shores. It is also worth noting that, while continuing to develop and focus on the domestic market, the Malta Stock Exchange is striving to attract international business from China, Turkey, Italy, Spain, Eastern Europe and the Middle East to take advantage of Malta’s cost effective and advantageous listing solutions.”
She also commended the stock exchange’s strategic move to introduce the MSE Sharia Compliant Index, which helps to place the Exchange in a position to explore opportunities within Islamic Finance.
The President also commended the Malta Stock Exchange for having a significant number of female employees, that is, 38 females when compared to 20 male employees, noting that there should be more women in management.