Tashkent, Uzbekistan, Apr. 28
By Demir Azizov- Trend:
The turnover of the Uzbek Republican Stock Exchange 'Toshkent' amounted to 19.9 billion soums in Jan.-Mar. 2017, which is a 3.7 times decrease compared to the same period of 2016 (73 billion soums), the stock exchange told Trend Apr. 28.
Some 136.8 million securities (4.5 times growth) of 49 joint stock companies were sold in Jan.-Mar. 2017 at the stock exchange auctions.
Some 30.5 million securities of 55 joint stock companies were sold in the same period of 2016.
The share of securities of the Uzbek financial sector organizations in the first quarter of 2017 accounted for 50.4 percent of the stock exchange turnover (54.8 percent in Jan.-Mar. 2016), including the share of banks (44 percent).
The share of enterprises of industrial complex amounted to 0.4 percent (7.2 percent a year earlier), the share of enterprises of the agro-industrial complex amounted to 13.3 percent (4.6 percent a year earlier), and the share of construction industry enterprises amounted to 0.2 percent (0.3 percent a year earlier).
“In accordance with the Uzbek leadership’s decisions, which provide for the sale of state assets to private owners, including to foreign investors, state assets of 52 joint-stock companies were sold for a total of 42.6 billion soums, $38.5 million and 45,700 euros in the first quarter of 2017,” a source in the Uzbek Republican Stock Exchange 'Toshkent' said.
The source didn’t name the enterprises the state assets of which were sold.
“The major part of the stock exchange turnover, 68.4 percent, accounted for the investments of legal entities, of which the share of foreign investors amounted to 15.4 percent,” the source added.
The Uzbek Republican Stock Exchange 'Toshkent' was established in 1994.