Sarajevo Stock Exchange: Difference between revisions
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The '''Sarajevo Stock Exchange''' or '''SASE''' ([[Bosnian language|Bosnian]]: ''Sarajevska Berza'') is a [[stock exchange]] which operates in [[Sarajevo]], [[Bosnia and Herzegovina]]. |
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==History and Structure== |
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The Sarajevo Stock Exchange was founded in September [[2001]] and commenced trading on [[April 12]], [[2002]], as a central marketplace for trading in [[securities]] in the Federation of Bosnia and Herzegovina, which together with the [[Republika Srpska]], makes up the post-war Bosnia-Herzegovina. The SASE was founded as a [[joint-stock company]]. It had 8 founding members. According to the Securities Law, SASE members can only be legal entities - [[stock broker|brokerage]] houses which sole activity is trading in securities, with headquarters in Bosnia and Hercegovina. The founding [[capital]] of the Exchange was BAM 200.000 (1 BAM = 0.51 EUR). |
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All SASE members must be licensed for securities trading by the Securities Commission of the Federation of Bosnia and Hercegovina. Only those brokers authorized by the SASE members, who have passed a brokers' exam are allowed to trade. The Securities Commission defines the manner and conditions for taking the exam and for revoking the licence. A broker is required to hold a valid licence issued by the Agency. The SASE currently has 16 members, whose headquarters are spread around Bosnia and Herzegovina, the majority being in the capital, Sarajevo. The [[shareholder]] assebmly elects a five-member supervisory board for a four-year term. The supervisory board appoints the Manager of the Exchange who is in charge of the strategic planning and daily operations. |
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The members of the management board of the Sarajevo Stock Exchange and [[Wiener Börse]] signed a memorandum of understanding on [[March 21]], [[2006]]. This made Bosnia – after [[Romania]], [[Croatia]] and [[Belgrade]] – the fourth Southeast European stock exchange to enter into a cooperation agreement with the [[Budapest Stock Exchange]] and the [[Vienna Stock Exchange]]. The memorandum of understanding lays the foundation for closer collaboration between the exchanges of Sarajevo and [[Vienna]]. The first joint project is expected be an [[index]]. |
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==Performance== |
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The performance of the Sarajevo Stock Exchange has exploded in the past few years. Since [[2002]], [[market capitalization]] has risen by around twenty times and at the end of 2005 it was EUR 3.3bn (Wiener Börse: EUR 107.1bn). The average daily trading volumes have also soared in the past few years and hit EUR 1.5mn by 2005 (Wiener Börse: EUR 342mn). The leading index of the Sarajevo Stock Exchange, the BIFX, rose from 1,264.20 at the end of 2002 to 4,045.57 points at the end of 2005.<ref>Wiener Börse and Sarajevo Stock Exchange Sign Cooperation Agreement, 21 March 2006</ref> |
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==Notes== |
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<div class="references-small"> |
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<references/> |
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</div> |
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==See also== |
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*[[List of European stock exchanges]] |
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==External links== |
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* [http://www.sase.ba/ Official website] |
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* [http://www.blberza.com Banja Luka Stock Exchange] |
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[[Category:Stock exchanges in Europe]] |
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[[Category:Sarajevo]] |
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{{stockexchange-stub}} |
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[[ru:Сараевская фондовая биржа]] |
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Revision as of 22:11, 21 January 2008
Wikipidia is bad !!!!!!!!!!