Tehran Stock Exchange signs MoU with Kazakhstan Stock Exchange

Tehran Stock Exchange signs MoU with Kazakhstan Stock Exchange

04/10/2011

A Memorandum of Understanding (MoU) was signed between Tehran Stock Exchange (TSE) and Kazakhstan Stock Exchange (KASE) on 28th September 2011, next to FEAS General Assembly in Almaty. The MoU was signed by TSE's CEO, Dr. Hassan Ghalibaf Asl, and KASE's President, Mr. Kadyrzhan Damitov.

The MoU aims at strengthening and widening cooperation between Tehran Stock Exchange and Kazakhstan Stock Exchange, especially in the areas of technology, launching new products, reporting and information dissemination procedures, market making, exchange of information and/or experts, preparing environment for participating two markets brokers in each other markets. It also intends to spread awareness of the legal infrastructure available in both markets, as well as investment opportunities.

The MoU will ensure a periodic exchange of information between TSE and KASE and encourage collaboration between brokers in both markets. The MOU serves as a basis for performing mutual training courses for both exchanges' experts and other market participants, such as brokers and investors.

Earlier, Tehran Stock Exchange has signed MoUs with the Exchanges of Malaysia, Indonesia, South Korea, Cyprus, Syria and Lahore.