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21:22 Capital markets in the last two years
21:25 specifically have been evolved very strongly.
21:28 We've seen a lot of landmark IPOs
21:32 that have listed and have performed really well.
21:36 We're seeing, and that's resulting in more issuers
21:41 keen to come and list on regional exchanges.
21:44 DFM continues to do really well.
21:48 And we're seeing a huge sector diversity
21:51 away from historically real estate and financials
21:55 and insurance companies to a very diversified sectors.
22:00 And I think that trend we expect to continue going forward.
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22:12 I think we want continuous diversity
22:15 in terms of the industry that's coming.
22:18 The other key differentiation that we're seeing is
22:22 there were a lot of government-owned companies that listed.
22:26 They had very steady and strong cash flows.
22:29 They had the ability to pay very high dividend.
22:34 And we're also seeing a lot of growth companies come to list.
22:37 And Spinneys is a good example.
22:40 It's a private company with strong growth potential.
22:44 And I think that will also change the mix of companies
22:48 we have listed on the exchange.
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