Lao Securities Exchange

Lao Securities Exchange
Type Stock exchange
Location Vientiane, Laos
Founded 11 January 2011
Key people Dethphouvang Moularat Chairman
Currency Lao Kip
No. of listings 4
Volume 2.14 billion kip ($265,000) First day[1]
Website www.lsx.com.la

The Lao Securities Exchange (LSX) is the primary stock exchange in Laos, located in the capital Vientiane.

History

In 2010, the Lao government sought technical and financial support from South Korea (Korea Exchange has a 49-percent stake in the LSX), as well as advice from neighbouring Thailand, to help build the exchange.[2]

The glass-building cost $10 million to build.[3] It began operations on 11 January 2011.[4]

Companies

There are currently five listed companies on the stock exchange: - EDL Generation-Public Company, which is a subsidiary of the state owned energy company, Electricite du Laos, Banque Pour Le Commerce Exterieur Lao (BCEL), the largest bank in Laos, Lao World, a property service company, Petroleum Trading Lao PCL and Souvanny Home Trading Public Company.

References

  1. ↑ http://af.reuters.com/article/energyOilNews/idAFSGE70A03L20110111
  2. ↑ https://www.google.com/hostednews/afp/article/ALeqM5jYZhx5jMDA5gYkdUCn69YXXzqbbA?docId=CNG.a04563e50d3f1a734525adeeae758a51.6a1
  3. ↑ http://online.wsj.com/article/SB10001424052748703779704576073373584050818.html?mod=googlenews_wsj
  4. ↑ http://www.ft.com/cms/s/0/2d309312-1cb3-11e0-a106-00144feab49a.html#axzz1AeDFzLkb
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