Required bedrocks have been prepared for cooperation between Tehran Stock Exchange (TSE) and Masqat Stock Exchange (MSE), Managing-Director of the Central Securities Depository of Iran (CSDI) Hamed Soltaninejad announced.
"Under a cooperation agreement between Tehran and Masqat to expand economic relations, shares of Iran's companies will soon be traded at Oman's largest and oldest stock exchange in Karachi," Soltaninejad said on Sunday.
He noted that the final rounds of negotiations were underway between officials from TSE and MSE to prepare the grounds for Iranian and Omani businessmen to perform deals.
Meantime, the CSDI and the Muscat Clearing and Depository Company (MCDC) signed a memorandum of understanding (MoU) to expand cooperation between their capital markets.
Soltaninejad and General Manager of MCDC, Abdullah bin Ahmed al-Nabhani, inked the contract in Tehran on Sunday.
"The document was signed in view of the age-old cooperation between Iran and Oman, especially in the field of economy and capital market," Soltaninejad said.
He noted that the agreement will prepare grounds for exchange of information and expertise as well as establishment of a link between their stock markets. “The memo will result in technical and expert-level cooperation.”
"The CSDI has signed similar agreements with South Korea and Pakistan over the past two years," Soltaninejad said.