Merging stock exchanges in the UAE is key to boosting liquidity in the country's market, the Advisory Board of Emirates Securities and Commodities Authority (Esca) said on Tuesday.
"The markets would witness significant growth if merged into one," the regulator's Advisory Board said. It also recommended the encouraging of family and private companies to list on the market.
Market intermediaries and analysts said yesterday that a merger of stock exchanges would improve the depth and sophistication of the UAE market and make it more attractive to foreign institutional investors.
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