AFE Participated in the OIC Members States Stock Exchanges Forum Meeting

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AFE Participated in the OIC Members States Stock Exchanges Forum Meeting

Further to an invitation from Mr. Ibrahim Turhan, Chairman of Boursa Istanbul; the Secretary General of the AFE along with several members of the federation participated in the “Seventh OIC Member States Stock Exchanges Forum Meeting” that took place in Istanbul on September 19, 2013 and where the Islamic Financial Market (IFM) had also organized a half day seminar.

In his intervention, Dr. Khalaf presented the “linkage project” of the seven GCC exchanges proposed by the Arab Federation of Exchanges that is going to be achieved through a technical network aimed to facilitate trading by investors in one GCC country of securities listed in another GCC country and to bridge the procedural gap in the GCC stock markets.

Dr. Khalaf presented the different mechanisms that have been studied in order to facilitate trading between these countries, as well as the different obstacles that are being confronted.  Finally, Dr. Khalaf stressed in his intervention on the importance of generalizing this project, once done, to all Arab Stock Exchange in a first step and to extend this linkage to Istanbul Stock Exchange and through it to all OIC Members States Stock Exchanges in a second step.

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