Volume of stock exchange transactions exceeds non-stock ones by more than 22 times in September in Azerbaijan
Azerbaijan, Baku, Oct.24 / Trend, N.Ismayilova /
The National Depository Center (NDC) at the Azerbaijani State Securities Committee registered 256 stock transactions for the sale of shares in the amount of 89.2 million manat at the contract price and in the amount of 87.3 million manat - at par value in September, the NDC said.
The Depository Center registered 182 non-stock exchange transactions in the amount of 3.9 million manat at a nominal price and 16 transactions on the additional issue in the amount of 18.5 million manat at a nominal price. The volume of registered non-stock exchange transactions exceeded the stock ones by 22.4 times and the number of non-stock exchange transactions exceeded the stock ones by 1.4 times in September.
Securities in the amount of 5.4 billion manat are deposited in the NDC.
The NDC was established in Sept.18, 1997. Its founder and owner is the State Property Committee. After the establishment of the State Securities Committee, the NDC's shares were transferred to its property. In this regard, the NDC was reestablished by the SSC on Sept. 8, 1999 and registered by the state on Sept. 17, 1999.
The official exchange rate is 0.7869 manat to $1 on Oct.24.