Due to economic development in the country, stock market of Azerbaijan experiences positive trends as well, Trend reports quoting Gunduz Mamedov, chairman, State Equity Committee, speaking at todays conference devoted to the totals of first half-year of 2006.
During 6 months, shares at 125mln manat have been issued, up 22% over year. Shares at 37mln manat have been deployed, up 1.8 times over year. Mamedov said the revival is observed in secondary market as well. During the last half-year, 4,355 deals have been closed (up 16%) in amount of 40mln manat, up 45% over year.
As during the previous years, deals at non-exchange market prevail over exchange deals. During the first half-year, non-exchange deals amounted 32.2mln manat (4,106 deals), while exchange deals amounted 3mln manat.
It is important that this year two types of securities, mortgage bonds and housing certificates, appeared at the stock market.
This year, the Committee intensified operations in regional development of securities market. First branch with SEC was established in Nakhchivan alongside that of National Depositary Center. SEC chairman said other professionals at this market also strengthen their positions in regions (Ganja, Lankaran). There are 29 SEC-licensed professional participants of securities market in Azerbaijan today.