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Article: Abu Dhabi and Pakistan cement closer ties as Lahore-based companies plan to list on ADSM

Article from:
Al Bawaba
Article date:
December 24, 2006
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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 Pakistan.

ADSM currently has more than ...

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