KARACHI, March 6: The Karachi Stock Exchange (KSE) and Dubai Financial Market (DFM) signed a memorandum of understanding on Thursday to develop and strengthen capital markets activities in the region.

KSE managing director Adnan Afridi and DFM director general Essa Kazzim signed the MoU in the presence of Pakistan Business Council president Dr. S. Qaiser Anis and DGM Operations of KSE Abbas Mirza.

“The objective of signing the agreement is to strengthen and increase the cooperation between both institutions in all areas relating to exchange of expertise and information,” said a KSE press release.

It would work on increasing awareness among investors in the two countries, on the legal framework and investment opportunities available in both bourses, it said.

“It will also encourage listed companies in both stock markets to cross list their securities.”