Mongolian Stock Exchange logo
Mongolian Stock ExchangeMSE: MSEPublic CompanyOther
Mongolian Stock Exchange logo

Mongolian Stock Exchange

CMM Verified
MSE: MSEPublic CompanyOther
Overview
Legal Name
Mongolian Stock Exchange
Company Type
Public Company
Listing
MSE: MSE
Industry
Other
Founded
1991
Market Cap
MNT 128B
CEO
Munkhbat D
Website
www.mse.mn
Coverage
CMM Verified
About the Company

Established in 1991 by government degree, the Mongolian Stock Exchange (MSE) serves as the country's principal platform for securities and mining commodities trading. Originally created to facilitate Mongolia's post-transition privatization program, MSE has since evolved into a cornerstone of the national capital market. A landmark strategic partnership with the London Stock Exchange Group in 2011 accelerated the adoption of international-standard trading infrastructure and technology. This modernization culminated in FTSE Russell's classification as a "Frontier Market" in 2023, a milestone signaling growing institutional credibility and accessibility to global investors. Today, the MSE is mandated to ensure market transparency, uphold listed company oversight, and safeguard investor interests, positioning it as a critical gateway to one of Asia's last underpenetrated frontier economies.

Financial Performance
Metric202320242025
Revenue12.1B13.5B10.7B
Gross Profit8.2B8.3B4.8B
Operating Expenses (SG&A)2.2B3.3B3.0B
Net Profit9.3B34.1B31.8B
All figures in MNT. K = thousand, M = million, B = billion, T = trillion.Source: MSE disclosures
Ownership & Structure

Shareholders

Ministry of Finance (controlling)66%
Public34%
DocumentsSubscriber access
Executive Team
MD
CEO
Munkhbat D
Interim CEO
Board of Directors
Board Chair
DT
D. Togtokhbayar
Chairman of the Board
Independent Directors
MB
M. Banzaragch
Independent Board Member
RM
R. Munkhtur
Independent Board Member
NO
N. Otgonchimeg
Independent Board Member
NU
N. Ulaankhuu
Independent Board Member
Sustainability
Sustainability Outcomes
Sustainable capital market development; ESG disclosure and corporate transparency; Green and sustainable bond market enablement
UN SDGs
SDG 1SDG 3SDG 5SDG 6SDG 8SDG 12SDG 16
ESG PolicyYES
Sustainability DisclosureNO
Transition / Mitigation StrategyNO
Impact TrackedYES
Impact VerifiedNO
Certifications
UN SSE Partner Exchange (since 2017)