Lao Securities Exchange
|Lao Securities Exchange|
|Founded||11 January 2011|
|Key people||Dethphouvang Moularat Chairman|
|No. of listings||2|
|Volume||2.14 billion kip ($265,000) First day|
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.
There are currently only two listed companies on the stock exchange, but there is expectation that 3 to 5 firms will be listed by the end of 2012. The first is EDL Generation-Public Company, which is a subsidiary of the state owned energy company, Electricite du Laos. The other company is the largest bank in Laos, Banque Pour Le Commerce Exterieur Lao (BCEL) Lao.