Azerbaijan, Baku, August 5 / Trend /
As a result of trading on the currency section USD / AZN_TOD in July 2010, the Baku Interbank Currency Exchange detemined the top five banks - leading operators of the stock market, led by the International Bank of Azerbaijan (IBA), a statement said.
Leading dealers include Joint-Stock Commercial ASB Bank, Joint-Stock Commercial Bank Respublika, Ltd. Bank Standard and Joint-Stock Commercial AccessBank. There is a list of banks - leading operators of the stock market in July 2010:
|
Banks |
of total volume (%) |
|
International Bank of Azerbaijan |
34,72 percent |
|
ASB Bank |
23,23 percent |
|
Bank Respublika |
2,48 percent |
|
Bank Standard |
2,13 percent |
|
AccessBank |
1,88 percent |
Deals of the Azerbaijani Central Bank are not indicated
About 10 banks participated in trades of currency section in July 2010. About 44 trading sessions were conducted and 29 deals were registred.
Total trading volume of currency section in the reporting month on USD / AZN totaled 88.96 million manat, or $110.817 million. These include the instrument Swap_USD/AZN_TOD_1Week. Turnover amounted to 8.042 million manat, or $ 10 million. The average dollar rate to manat on this instrument is 0.8042 manat.
Turnover on EUR / AZN totaled 0.201 million manat.
Total trading volume in the currency section increased by 54.6 million manat or 61,5 percent compared to the June indices.
Average daily turnover in the stock electronic trading system USD / AZN reached about $4.044 million, whereas the average amount of each transaction amounted to $3.068 million.
Exchange rate of national currency instrument USD / AZN_TOD in the reporting month increased by 0.04 percent - from 0.8024 to 0.8021 manat to $1. This average rate of dollar compared to manat was in July is 0.8026 manat per $1 compared to 0.8037 manat in late June 2010.