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Uzbek Stock Exchange sees drop in turnover

Business Materials 8 July 2010 10:36 (UTC +04:00)

Uzbekistan, Tashkent, July 8 / Trend D.Azizov /

Turnover at the Uzbek Tashkent Stock Exchange (RSE) fell by 3.8 times in the first half of 2010 compared to the same period in 2009 to 9.295 billion soum, the RSE told Trend.

Roughly 22.089 million shares in 85 joint stock companies were sold in January-June 2010.

The primary market's share in the structure of the exchange turnover was 0.13 percent compared to 21.6 percent in the same period of 2009.

About 11,300 shares in the Urgench Central Dehkan Market were sold in early 2010.

Secondary market turnover dropped three times to 9.283 billion soum.

No FCC transactions were recorded in the primary market from early 2009. The RSE did not comment on the fall.

The RSE Tashkent was established in 1994. Its founders are investment, brokerage and insurance companies, as well as the Uzbek State Property Committee. Total trade on the RSE fell by 19.6 percent in 2009 to 89.978 billion soum.

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