Azerbaijan increases volume of transactions on additional issue of securities
Baku, Azerbaijan, Nov. 6
By Azad Hasanli - Trend:
In October 2015, the volume of stock exchange transactions on the additional issue of securities registered by the National Depository Center (NDC) under the State Securities Committee (SSC) of Azerbaijan increased by 17.5 times compared to the same period last year, said the message posted on the website of NDC.
For the reporting period, seven transactions on the additional issue of securities in the amount of 1.1 billion manat were registered.
The message said that during the reporting period, 351 exchange transactions in the amount of 70.1 million manats at par value were registered, whereas 550 deals amounting to 108 million manats were concluded in October 2014.
In October 2015, some 47 off-exchange transactions in the amount of 524,700 manat at par value were registered.
The volume of off-exchange transactions decreased by 5.6 times compared to the same period of last year. For comparison: in October 2014, the NDC registered 76 transactions worth 2.96 million manats.
The NDC was established on September 18, 1997. The founder and owner of all shares of the center is the State Property Committee of Azerbaijan. After the creation of the State Committee for Securities (SCS), the shares of NDC were transferred to its property. In this regard, the NDC was reestablished by the SCS September 8, 1999 and passed the state registration September 17, 1999.