Baku, Azerbaijan, May 30
By Fikret Dolukhanov – Trend:
The Uzbek Republican Stock Exchange 'Toshkent' and the Kazakhstan Stock Exchange (KASE) discussed possibility of signing a memorandum of cooperation, the press service of the State Committee on Competition of Uzbekistan stated on May 29.
The discussion took place within the framework of a meeting between representatives of the exchanges of the two countries at the Poytakht business center in Tashkent on May 28.
The memorandum provides for the exchange of information regarding the trading activities and for possible creation of a unified trading platform allowing participation of traders of both countries.
The Kazakhstan Stock Exchange was founded on Nov. 17, 1993. Since its creation, KASE is the only trading platform in Kazakhstan serving the stock, currency and money markets, and is also the leading stock exchange in the Central Asian region.
KASE is a member of the World Federation of Exchanges (WFE), the Federation of Euro-Asian Stock Exchanges (FEAS) and other international and regional professional associations. KASE is the second among CIS stock exchanges in terms of securities trading volume, as well as the sixth in FEAS by the market capitalization level.
The Uzbek Republican Stock Exchange 'Toshkent' and the Kazakhstan Stock Exchange, both being members of the FEAS, carry out cooperation aimed at studying and implementing best practices for increasing liquidity and investment attractiveness of stock markets.
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