Azerbaijan, Kazakhstan unite stock markets to attract broader investment

Azerbaijan and Kazakhstan are planning to integrate their stock markets to enhance market depth and attract a broader range of participants, according to Oktay Gasimov, Deputy Head and Chief Commercial Director of the Baku Stock Exchange (BSE).

Speaking at a seminar hosted by the Kazakhstan Stock Exchange (KASE) on May 22, Gasimov highlighted the growing cooperation between the two exchanges. He said the BSE and KASE have established strong ties and are actively sharing expertise and best practices in the capital markets sector, Caliber.Az reports.

"Special attention is being given to exchange data broadcasting, cross-listing, and sponsored listings. Our goal is to deepen markets and expand the range of participants," he emphasised.

Baku Stock Exchange (BSE) was established in 2000 in order to form an organised stock market in the country. The mission of BSE is to establish and develop a market infrastructure that will provide the trading of securities and efficient execution of transactions.

Since its establishment, BSE has been the only stock exchange organised in the stock sector of Azerbaijan. 

By Sabina Mammadli