India,Pakistan to evaluate listing of Sensex, KSE indices

Pakistani securities market regulator has shown keen interest to promote and allow listing of products based on India’s Sensex index at domestic stock exchanges of the country. This development took place during Pakistani capital market focus group’s visit to Bombay Stock Exchange, where the leader of the Pakistani delegation Mr Imtiaz Haider, Commissioner of Securities Market Division of SECP informed BSE officials that Pakistan may allow listing of such products to sensitise Pakistani investors about Indian market and economy on the whole. He said on reciprocal basis, Indian markets should also consider listing products based on Karachi stock exchange’s premier index – KSE 100. Pakistani delegation comprising of securities market regulators, stock and commodity exchanges leaders, heads of the depository and clearing institutions, brokerage houses CEOs and institutional investors is currently visiting India under Aman Ki Asha (Hope for Peace) initiative promoted jointly by Times of India and Jang/Geo group of Pakistan.
The delegation used the opportunity to get detailed briefing about new ventures of BSE-the United Stock Exchange of India and Indian Clearing Corporation Limited, where they were briefed by Mr Ashishkumar Chauhan, the deputy CEO of BSE and Mr. Balasubramaniam, the Chief Business Officer of the Asia’s oldest exchange. The delegation also discussed various areas of potential cooperation such as cooperation in the field of capacity building, SME listing procedures and market management.