Turkish and Kazakh stock exchanges in share swap

The Turkish and Kazakh stock exchanges (BIST and KASE) are on the verge of entering into a long-term partnership arrangement that involves the two exchanges buying minority stakeholdings in each other. BIST and KASE signed a framework agreement last month which will enable KASE to make use of BIST”s technology and experience. The share swap will be confirmed once due diligence has been completed. KASE already owns a stake in the Kyrgyz Stock Exchange. Tengrinews