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Abu Dhabi, Karachi bourses in deal

Abu Dhabi, February 17, 2008

Abu Dhabi's bourse said on Sunday it had signed an agreement with the Karachi Stock Exchange to encourage cross listings of securities.

The agreement 'is designed to facilitate procedures of cross-listing of companies,' Tom Healy, director-general of the Abu Dhabi Securities Market, said in a statement.

The exchange gave no further details. Abu Dhabi's stock market signed a cross-listing agreement with the Lahore Stock Exchange in 2006, and had also discussed cross-listings with exchanges in Tokyo, Hong Kong and Singapore.-Reuters




Tags: abu dhabi | bourse | deal | Karachi | cross-listing |

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