Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, visited the Bombay Stock Exchange (BSE) today as part of his official visit to India.
The Crown Prince was received by Sundararaman Ramamurthy, Managing Director and CEO of the BSE, at the exchange located in Mumbai, India’s financial and commercial capital.
Sheikh Hamdan opens trading
Sheikh Hamdan rang the opening bell to mark the start of the day’s trading session, the Dubai Media Office said in a statement on Wednesday.
During the visit, he received briefings on BSE operations, which ranks among the world’s largest stock exchanges with over 5,600 listed companies.
He was also informed about the exchange’s ongoing efforts to enhance infrastructure and expand services supporting India’s capital markets growth.
“Sheikh Hamdan underscored the UAE’s keenness to deepen cooperation between its financial markets and international counterparts,” the statement said, adding that he noted both countries’ efforts to enhance capital markets through digital innovation, including technologies such as artificial intelligence and blockchain.
The Crown Prince highlighted that engagement with India’s financial markets aligns with the UAE’s strategy to build strategic ties with global exchanges, facilitate cross-border trading, and attract international investment.
Sheikh Hamdan also emphasised Dubai’s economic ambitions as a regional and international hub for finance, business, and trade.
These goals are reflected in the Dubai Economic Agenda D33, which aims to establish Dubai as one of the world’s top four global financial centres and expand the emirate’s capital markets to AED3 trillion.
The Crown Prince expressed hope for increased cooperation between the Bombay Stock Exchange and Dubai Financial Market, which he said would enhance Dubai’s role as a key link between eastern and western capital markets.
The BSE, established in 1875, is Asia’s first stock exchange and one of the fastest trading platforms globally. It has supported the growth of Indian companies for nearly 150 years by providing a platform for raising capital.
In May 2024, the total market capitalisation of BSE-listed companies exceeded $5 trillion for the first time, demonstrating the strength of the Indian economy.
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