India, Pakistan to evaluate cross border listing bourses

LAHORE: Pakistani securities market regulator has shown keen interest to promote and allow the listing of products based on India’s Sensex index at the domestic stock exchanges of the country.

This development took place during a visit of the Pakistani capital market focus group to Bombay Stock Exchange on Thursday, where the leader of the Pakistani delegation Imtiaz Haider, the Commissioner of the Securities Market Division of SECP informed BSE officials Pakistan may allow the listing of such products to sensitise Pakistani investors about the Indian market and the economy on the whole.

He said on reciprocal basis, the Indian markets should also consider to list the products based on Karachi Stock Exchange’s premier index-the KSE 100. Pakistani delegation comprising of the securities market regulators, stock and commodity exchanges leaders, the heads of the depository and clearing institutions, brokerage houses CEOs and institutional investors is currently visiting India under Aman Ki Asha (Hope for Peace) initiative. The delegation discussed various areas of potential cooperation such as; cooperation in the field of capacity building, SME listing procedures and market management.

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