A memorandum of understanding (MoU) was signed between Karachi Stock Exchange (KSE) and Pakistan Telecommunication Company Limited (PTCL) here on Wednesday. According to the MoU, PTCL will deploy all necessary equipment to establish a point of presence within KSE building for the establishment of a high-speed dedicated network - "KSE Connect," which is specially developed for Karachi Stock Exchange.
The MoU was signed by Dr Sadik Al-Jadir EVP (Commercial) PTCL and Adnan Afridi MD, KSE on behalf of their respective organisations at a ceremony held at KSE building. Dr Sadik Al-Jadir, while giving details about the MoU said that this is a unique opportunity for PTCL to provide state-of-the-art telecommunication technologies to such an esteemed financial organisation. The 'KSE Connect' will allow KSE members the facility to conduct real time on-line trading from anywhere in Pakistan, he added.
On the occasion, Adnan Afridi highlighted the importance of 'KSE Connect' services and emphasised the need of advanced technologies for KSE members. 'KSE Connect' will help the KSE members to take advantages of new and emerging technologies and will create measurable improvements in members' value and satisfactions.
This puts KSE at par with all other international stock exchanges from a technology point of view. Presently, PTCL is the largest converged services carrier, providing all telecommunication services from basic voice telephony to high speed data networks, managed telecommunication services, Internet and wireless solutions for businesses and consumers all over Pakistan.