IMKB inks deal with Casablanca

IMKB inks deal with Casablanca

ISTANBUL - Anatolia News Agency
IMKB inks deal with Casablanca

İMKB head Turhan (R) and Casablanca bourse head Hajji pose together.

The Istanbul Stock Exchange (İMKB) and the Casablanca Stock Exchange have signed a memorandum of understanding, in a first step to enhance a wide array of cooperation in areas such as sharing technical capabilities and information.

“We aim to increase cooperation in every field and, if possible, make both stock exchanges work in an integrated manner. That is to say, we want to make it possible for investors in Morocco and Turkey to buy and sell securities in each market. God willing this will be a first step toward this goal,” İMKB President İbrahim Turhan said yesterday at the signing ceremony, organized as part of the annual congress of the Federation of European Stock Exchanges held in Istanbul.

Turkey an example
The Casablanca Stock Exchange president Karim Hajji said the economic performance of the Turkish economy and the development of the İMKB had set an example for Morocco.

“I hope that Moroccan stock exchange will follow the development path that the İMKB had,” he said.
The Federation of European Stock Exchanges is comprised of 46 bourses from 30 countries. The annual congress of the federation, headed by Hans Ole Jochumsen, was held at Istanbul’s Çırağan Palace. Mark Hoban, the British Financial Secretary to the Treasury was also in attendance at the event. The goal of the congress is to increase the contribution of the bourses to the global economy, their competitive strength and raise awareness about legal regulations among stock exchanges.