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Mara Delta pioneers dual-currency trading on Mauritius bourse

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Mara Delta pioneers dual-currency trading on Mauritius bourse

Mara Delta Property Holdings Ltd. said it will become the first company to trade its shares in both U.S. dollars and Mauritian rupees on the Stock Exchange Mauritius Ltd., as of Dec. 12.

It believes its use of the dual-currency trading facility on the Mauritian bourse will lead to a broader base of investors as the general public would be able to trade in Mara Delta shares without needing to hold U.S. dollar facilities.

The company added that dual-currency trading will enhance its share liquidity on the stock market.

An expected minimum of 100,000 shares will be available for trading in Mauritian rupees on the first day of trading.