Uzbekistan and Kazakhstan plan to create a single platform for holding exchange trades, reports UzTAG.

This follows from the Memorandum of Understanding between the Kazakhstan Stock Exchange (KASE) and the Republican Stock Exchange "Toshkent", signed in the capital of Uzbekistan. The signing of the memorandum between the exchanges is the next step in establishing long-term relations and implies the exchange of experience and information on the activities of markets and securities transactions.

This agreement will contribute to improving the capital markets of countries and demonstrates the expansion of cooperation in the financial sphere between Kazakhstan and Uzbekistan.

Further steps to develop cooperation between the exchanges will be built around the organization of a single site for conducting exchange trades to create investment channels between countries.

Recall, the Kazakhstan Stock Exchange was established on November 17, 1993 for the organization and development of the national currency market. A few years later, it was renamed the Kazakhstan Stock Exchange.

“The Qazaq Times”