Depth of Azerbaijan's stock market should be achieved to determine exchange indexes: head of state committee
Azerbaijan, Baku, Sept. 29 / Trend , I.Khalilova/
The first stock indexes can be applied in Azerbaijan after providing duration of operations with securities on the primary and secondary markets, said Rufat Aslanli, the chairman of the State Committee for Securities of Azerbaijan.
"To determine the stock market indexes, it is necessary to achieve the depth of the stock market and to ensure representative participation," Aslanli said Sept. 29. "To do this, the securities should enter the financial market and, more importantly, on the secondary market should experience real (live) operation, after providing a certain stability, one can proceed to the calculation of indexes in order to avoid volatility.
At the primary stage, in his opinion, it is necessary to ensure yield the securities of issuers, included listing on the secondary market.
"In addition, it is necessary to ensure the continued presence of investors and issuers on the stock market, and over time it is already possible to proceed to the calculation of indexes," he said.