The Dhaka Stock Exchange (DSE), Pakistan Stock Exchange (PSX), and Colombo Stock Exchange (CSE) have formalised a strategic partnership by signing a tripartite memorandum of understanding (MoU) aimed at enhancing cooperation among the three exchanges.
The agreement, which was signed on Thursday in Colombo, focuses on a broad range of initiatives, including the development and sharing of technology, collaboration on human resources, product innovation, regulatory coordination, investor protection, and knowledge exchange across the markets. This move, as detailed in a press release by DSE, seeks to bolster the growth and operational capabilities of these regional bourses.
The signing ceremony was attended by DSE Chairman Mominul Islam, CSE Chairman Dilshan Wirasekara, and Securities and Exchange Commission of Pakistan Chairman Akif Saeed, along with senior officials from the respective institutions.
In his address, DSE Chairman Mominul Islam highlighted the technological and operational constraints faced by South Asian stock exchanges, excluding India, due to their relatively smaller size. These limitations, he noted, hinder the potential of markets with significant capacity for growth. He further emphasised that by sharing experiences and jointly investing in technology, the exchanges could play a pivotal role in developing stronger and more efficient capital markets in their respective countries.
As part of the event, Mominul Islam also participated in a panel discussion titled "Navigating Frontier Capital Markets: How Evolving Market Regulation and Exchanges Foster Efficient Capital Market Development."
DSE representatives also held productive meetings with the chairman and commissioners of the Securities and Exchange Commission of Pakistan, senior executives of PSX, and officials from the CSE, marking a further commitment to strengthening ties within the South Asian financial ecosystem.
