ADSM - Lahore Stock Exchange Collaborate
The Abu Dhabi Securities Market and the Lahore Stock Exchange have signed an agreement which will pave the way for Lahore listed companies to dual list on the ADSM. This agreement follows one signed by the ADSM and the Central Depository Company of Pakistan earlier this year. The ADSM currently has more than 2,226 Pakistani investors registered, with investments worth $12.3m.
A very commendable step that will not only lead to adding sustainability to economy and ensuring strong business growth. This pattern would soon be seen replicating to other stock exchanges in the region with lucrative cross listing offers to companies.
posted by bizzwhizz at 7:08 PM
2 Comments:
a very good step I wonder if this is being done anywhere else in the world also. It will encourage companies to reap benefits of stock exchange listings without having to spend a lot on intial setup costs
yess I agree with u BusinessT, and if this is a completly new model than knowing how it works would be interesting
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