The COMCEC has initiated cooperation among Stock Exchanges of the Member States in 2005 and “OIC Member States’ Stock Exchanges Forum” was established in this regard. The Forum focuses on the harmonization of the rules and regulations governing market operations, as well as opening communication channels for the stock exchanges of the OIC Member Countries and relevant institutions.
The Forum has convened seven times till now and has achieved remarkable progress in deepening cooperation among the Stock Exchanges of the Member States. It has completed its works regarding the S&P OIC/COMCEC. The Index has been launched on June 22nd, 2012, in Istanbul. The Index was designed to measure the performance of 50 leading companies from the 19 member states of OIC, namely, Bahrain, Bangladesh, Cote d’Ivoire, Egypt, Indonesia, Jordan, Kazakhstan, Kuwait, Lebanon, Malaysia, Morocco, Nigeria, Oman, Pakistan, Qatar, Saudi Arabia, Tunisia, Turkey and the United Arab Emirates. The official launching ceremony of the Index was held during the 28th Session of the COMCEC.
Click to visit the website of the Forum for further information on its activities.