Abu Dhabi, Istanbul bourses to boost cooperation

28 Apr 2010

(MENAFN) The Abu Dhabi Securities Exchange (ADX) said that it has agreed with the Istanbul Stock Exchange (ISE) to look into the prospects of launching joint indices, dual listings and creation of new instruments, Gulf News reported.

The agreement with Turkish bourse, sets a cooperation framework for the two parties aiming at facilitating the development of channels of communication and to foster the continuous relationship for the respective benefit of the securities markets in both countries.

The deal also stipulates mutual assistance with each party pledging best of efforts to fulfill this cooperation framework.

It is worth mentioning that the ISE has signed similar agreement with Muscat Stock Exchange and Egypt?s Cairo Stock Exchange.

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