Mongolia's tiny stock exchange is poised for a major boost with hopes that its mining industry could one day transform the entire economy.
Until recently it was the smallest stock exchange in the world, and it still only operates for 3 hours a day.
In 2006 its total market capitalisation was less than $US110 million, but in 2010 it was the fastest growing exchange globally and is now worth $US1.5 billion.
Mongolia is often called the Saudi Arabia of minerals, and traders are hoping for a pick-up in activity as the country begins to prove it can exploit its treasure trove of mineral resources.
Stock exchange chief executive Altai Khangai told the BBC one of the largest mines has not yet started production, however growth has been driven by investment in building mines as well as exploration.
He said if the production takes place, growth will accelerate.
