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Article: Abu Dhabi and Pakistan cement closer ties as Lahore-based companies plan to list on ADSM.(Abu Dhabi Securities Market)(Lahore Stock Exchange)
- Article from:
- Middle East
- Article date:
- December 24, 2006
CopyrightCOPYRIGHT 2006 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Abu Dhabi Securities Market (ADSM) and Lahore Stock Exchange (LSE) today signed a Memorandum of Understanding (MoU) in a move that will pave the way for Lahore listed companies to dual list on ADSM.
This MoU follows that signed by ADSM and the Central Depository Company (CDC) of Pakistan earlier this year and further supports ADSM's drive to encourage increased trading activity from international investors, as well as foreign companies looking to list.
The Pakistan Business Council arranged the MOU between the LSE and ADSM, playing a vital role in bringing the two organizations together with the objective to develop the capital markets of UAE and ...