Index Cooperation Between Vienna Stock Exchange And Kazakhstan Stock Exchange
The Vienna Stock Exchange has acquired a new index cooperation partner with the Kazakhstan Stock Exchange (KASE). Starting today, the Vienna Stock Exchange will calculate the index KTX Local. The contract was signed at the end of last year by both exchanges. The index is composed of the eight most actively traded companies and will be calculated and disseminated daily in real time by the Vienna Stock Exchange.
Kadyrzhan Damitov, President of the Kazakhstan Stock Exchange, commented: "We are very pleased to partner with the Vienna Stock Exchange and we hope to contribute to the growth of interest from European investors in the Kazakhstan stock market through the Kazakhstan Traded Index Local."
With this new index, the Vienna Stock Exchange underpins its international index competence and enlarges its network of stock exchange cooperation partners. The Vienna Stock Exchange now has 88 indices of which 66 track national, regional and sector trends in the countries of Central and Eastern Europe. Michael Buhl, Member of the Management Board of Wiener Börse AG and of the CEE Stock Exchange Group stated: "Closer cooperation is important for regional stock markets today. I am happy that we are able to make our many years of experience in creating indices and our knowhow available to our new partner."
According to the calculation standards of the Vienna Stock Exchange, index members are capitalization-weighted and the composition is reviewed regularly and adjusted as necessary by the index committee. The index is computed in EUR and USD, with the starting value being fixed at 1,000 index points as of 4 January 2012.
For more detailed information on the indices of the Vienna Stock Exchange, visit www.indices.cc.