BAKU, Azerbaijan, June 18. The Uzbek and Kazakh
stock exchanges to hold talks on expanding cooperation between the
capital markets of the two countries.
This was reflected in the statement by the Tashkent Republican
Stock Exchange (RSE), following the meeting between the Tashkent
Republican Stock Exchange (RSE) and representatives of the
Kazakhstan Stock Exchange (KASE).
During the meeting, the sides discussed prospects for
strengthening bilateral collaboration, with a focus on broadening
dual-listing mechanisms, facilitating the placement of foreign
securities on the Tashkent exchange, and exploring opportunities
related to asset tokenization.
The discussions also covered efforts to improve capital market
infrastructure, expand investment opportunities, and introduce
modern financial instruments aimed at enhancing market efficiency
and accessibility.
"The meeting was an important step toward further deepening
cooperation between the two countries' stock markets and developing
a modern financial infrastructure." the statement said.
The talks reflect a broader trend toward greater financial
integration in Central Asia. Stronger cooperation between the
Tashkent and Kazakhstan stock exchanges could help create a larger
and more interconnected regional capital market, improving
liquidity and attracting institutional investors who may find
individual markets too small.
Expanding dual-listing mechanisms would allow companies to
access a wider pool of investors in both Uzbekistan and Kazakhstan
without conducting entirely separate public offerings. This could
increase visibility for issuers, improve trading volumes, and lower
capital-raising costs.
Allowing more foreign securities to trade on the Tashkent
exchange would give local investors greater diversification
opportunities while making the market more attractive to
international participants. Uzbekistan has been seeking to
modernize its financial sector and increase the role of capital
markets in financing economic growth.
