South Asian Federation Exchanges Index (SAFE Index)

The first initiative of South Asian countries to develop an integrated financial sector is to materialise in shape of South Asian Federation Exchanges Index (SAFE Index).The SAFE Index is going to be launched within few months as basic framework is already completed and Dow Jones and SAFE Index are about to sign an agreement on January 9, 2008 at Bombay Stock Exchange…in the SAFE Index the composition will be of 100 companies from the SAARC countries depending on that the company should meet the SAFE Index standards…initially 93 Indian companies were considered and seven Pakistani companies but later it was reconsidered that 50 Indian, 39 Pakistani companies and the rest of companies would be taken from the remaining SAARC countries, but this is not final yet and might be further reviewed.

The 13 primary members of SAFE Index are Bombay Stock Exchange Limited, Chittagong Stock Exchange Limited, Colombo Stock Exchange Ltd, Dhaka Stock Exchange Limited, Islamabad Stock Exchange (G) Ltd, Karachi Stock Exchange (G) Ltd, Lahore Stock Exchange (G) Ltd, Maldives Stock Exchange, National Commodity Exchange Limited, National Stock Exchange of India Limited, The Nepal Stock Exchange, Royal Securities Exchange of Bhutan Limited and The Stock Exchange of Mauritius Limited…. Source : The News

 

source: karachistockmarket.blogsome.com

Filed under Daily Market News, KSE & SECP News



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