The Banja Luka Stock Exchange or BLSE (, Banjalučka berza) is a stock exchange which operates in the city of Banja Luka in the Republika Srpska, Bosnia and Herzegovina. The Banja Luka Stock Exchange is a member of the Federation of Euro-Asian Stock Exchanges. History 15 July 1998 - The adoption of The Law on Securities provided the necessary legal framework to establish the capital market of the Republika Srpska. 4 May 2000 - The National Assembly of the Republic of Srpska appointed the first members of Republika Srpska Securities Commission. 26 February 2001 - Established Central Registry of Securities (CRHoV). 9 May 2001 - Eight banks and one company trading in securities signed the Contract that established the Banja Luka Stock Exchange. 9 August 2001 - Republika Srpska Securities Commission issued working permit to Banja Luka Stock Exchange. 29 November 2001 - The first equity from the privatisation programme was registered in the Central Registry of Securities. 5 March 2002 - Signed contract on transfer of license between the Directorate for Privatisation and the BLSE that provided BLSE with electronic trading system (BTS) developed by the Ljubljana Stock Exchange (LJSE). 14 March 2002 - The first BLSE trading session took place, involving six Members that traded 20 listed securities. 12 September 2002 - The Law on Takeover came into force. 30 September 2002 - The BLSE and the LJSE signed Memorandum on cooperation and exchange of information. 10 December 2002 - A contract on regional co-operation in field of education and financial markets was signed with the Belgrade Stock Exchange. 24 January 2003 - The first session of The Listing Commission took place and stocks of 13 Privatisation Investment Funds admitted to the official market of the BLSE. 11 February 2003 - The first transactions concluded with shares of PIFs. 20 August 2003 - The first auction for state owned capital took a place on the BLSE 23 September 2003 - Shares of Rafinerija ulja a.d. Modriča were listed on the official market of the BLSE as the first company listed on official market in Bosnia. 27 April 2004 - The Stock Exchange Index of Republic of Srpska (BIRS) established. 29 July 2004 - Investment Funds Index of Republic of Srpska (FIRS) established. 29 December 2005 - The Index of the Power Utility Companies of Republic of Srpska (ERS10) established. Strategy The strategy of the Banja Luka Stock Exchange