: The chairman and chief executive of New York Stock Exchange, Hon Thain was reported to have remarked that achievement of $40 billion market capitalization by Karachi Stock Exchange (KSE) was a significant value for an emerging capital market.
A press release issued by the KSE on Thursday, stated that the comment from the NYSE chairman came in response to information conveyed by the KSE MD, Moin M. Fudda, who attended the Annual International Exchange Globalization & Clearing Forum held at New York earlier this week.
"Mr Thain complimented KSE for outstanding performance and particularly surpassing the turnover of 1 billion shares, which he believed, was by far the highest turnover for Stock Exchange in a developing market", the pres release said.
Delegates from 32 countries attended the conference, including those from UK, Europe, Asia, Africa, Middle East and USA. MD KSE was quoted to have said that due to economic and capital market reforms including corporate governance carried out during last five years, the KSE had achieved the status of best performing market of the world.
A press release issued by the KSE on Thursday, stated that the comment from the NYSE chairman came in response to information conveyed by the KSE MD, Moin M. Fudda, who attended the Annual International Exchange Globalization & Clearing Forum held at New York earlier this week.
"Mr Thain complimented KSE for outstanding performance and particularly surpassing the turnover of 1 billion shares, which he believed, was by far the highest turnover for Stock Exchange in a developing market", the pres release said.
Delegates from 32 countries attended the conference, including those from UK, Europe, Asia, Africa, Middle East and USA. MD KSE was quoted to have said that due to economic and capital market reforms including corporate governance carried out during last five years, the KSE had achieved the status of best performing market of the world.
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