S Asian Capital Markets Confce begins Jan 31
Friday, 28 December 2007
FE Report
The Second South Asian Capital Markets Conference begins in the city January 31.
The two-day conference to be arranged jointly by South Asian Federation of Exchanges (SAFE) and Dhaka Stock Exchange (DSE) will be attended by top capital market functionaries of India, Pakistan, Sri Lanka, Maldives, Nepal, Bhutan, Mauritius and host Bangladesh.
" We will discuss the ways and means to develop the regional stock market and also developing cross-border business opportunities and closer regional integration," a DSE source told the FE.
Launching a regional index as decided during the first South Asian Capital Markets Conference and SAFE annual general meeting held on November 15-17,2006 in Colombo will also come up for discussion in the conference.
The regional index and its subsequent listing in the member exchanges will provide the domestic investors an opportunity to invest in many leading companies of the region.
The DSE source said the SAFE members may sign a memorandum of understanding with Dow Jones with a view to jointly marketing the proposed South Asian Regional Index.
SAFE officials hope that the regional indices could be used to build index-linked instruments, which can be traded in multiple instruments.
According to the preliminary discussions, the regional index would comprise 50 to 55 blue chips companies from India, 30 to 35 from Pakistan, 7 to 10 from Bangladesh and 3 to 4 from Sri Lanka.
'We will consider strong capital base of a company to be introduced in the index,' another DSE source said.
SAFE consists of eleven leading stock exchanges from eight South Asian region countries namely Bangladesh, Bhutan, India, the Maldives, Mauritius, Nepal, Pakistan and Sri Lanka.
The Second South Asian Capital Markets Conference begins in the city January 31.
The two-day conference to be arranged jointly by South Asian Federation of Exchanges (SAFE) and Dhaka Stock Exchange (DSE) will be attended by top capital market functionaries of India, Pakistan, Sri Lanka, Maldives, Nepal, Bhutan, Mauritius and host Bangladesh.
" We will discuss the ways and means to develop the regional stock market and also developing cross-border business opportunities and closer regional integration," a DSE source told the FE.
Launching a regional index as decided during the first South Asian Capital Markets Conference and SAFE annual general meeting held on November 15-17,2006 in Colombo will also come up for discussion in the conference.
The regional index and its subsequent listing in the member exchanges will provide the domestic investors an opportunity to invest in many leading companies of the region.
The DSE source said the SAFE members may sign a memorandum of understanding with Dow Jones with a view to jointly marketing the proposed South Asian Regional Index.
SAFE officials hope that the regional indices could be used to build index-linked instruments, which can be traded in multiple instruments.
According to the preliminary discussions, the regional index would comprise 50 to 55 blue chips companies from India, 30 to 35 from Pakistan, 7 to 10 from Bangladesh and 3 to 4 from Sri Lanka.
'We will consider strong capital base of a company to be introduced in the index,' another DSE source said.
SAFE consists of eleven leading stock exchanges from eight South Asian region countries namely Bangladesh, Bhutan, India, the Maldives, Mauritius, Nepal, Pakistan and Sri Lanka.