DYNAMICS OF CHANGES IN SOME ECONOMIC SEGMENTS
On 19 August futures oil prices went up sharply. Over a day prices in exchanges rose 3%. However, remain considerably low than the record set on 12 August 2005. Over the first sessions rise in oil prices was caused by threats of possible cut in oil deliveries to world market.
Rise in oil prices on 19 August give rise to information on the cessation of oil export to Ecuador. Oil production in the country fell due to instability - from 220,000 to 20,000 barrel a day. Till recent period the country used to export 144,000 barrels of oil a day in average. The United States was the major beneficiary of Ecuador oil.
Last week rates of Azerbaijani manat grew 10 points in regard to US dollar and made up 4655 manats.
Euro rates started the week at 5791.6 manats per euro, and completed at 5665.37 manats. Thus, it dropped 126.23 points. The difference between the maximal and minimal indices was the same.
Last week official rate of AZM in regard to USD dropped every day at BBVB, while maximal difference between the rates made up 8.24 points.
Aggravate amount of trading sessions (BEST) at BICEX comprised US $4,346m last week. Average daily deals constituted US $0.8692m. Maximal rates were fixed on 17 August, comprising US $1.374m. Strong fluctuations were not peculiar to last week dynamic of trading sessions.
Privatization shares market
The prices of privatization shares remained unchanged.