Singapore Exchange Limited (SGX) and Karachi Stock Exchange (KSE) entered into the agreement of profitable cooperation in financial services industries within Singapore and Pakistan.
Having signed Memorandum of Understanding (MOU) the partners enhanced relationship between both exchanges aimed to collaborate in the operation and governance of their respective markets.
This MOU fosters a closer relationship between the two exchanges, says Mr Hsieh Fu Hua, Chief Executive Officer, SGX. We look forward to working with KSE to help develop our respective financial markets.
Collaborations amongst exchanges have been increasingly important in the development of the emerging capital markets, says Adnan Afridi, managing director, KSE. A lot can be learnt from SGX on the demutualisation front as KSE is currently in the process of demutualization.
L.D.