Head of State Committee: Azerbaijan on threshold of qualitative changes in share market
Azerbaijan, Baku, Dec. 19 / Trend A. Akhundov /
Azerbaijan is on the threshold of qualitative changes in share market, the chairman of the State Committee for Securities (SCS) Rufat Aslanli told reporters on Wednesday.
"In 11 months the volume of transactions in the capital market has increased by 30 percent, a positive trend is observed both in the market of corporate securities and in the government securities market. Our main focus is the development of the market of corporate securities, primarily equity market. We are interested in non-oil sector perceiving the share market as a source of investment. Preliminary results of 2012 indicate that we are on the threshold of qualitative changes in this direction, "- Aslanli said.
According to him, the market share in 2012 has increased more than threefold.
"This trend can be traced both in the initial and during the second offering. In 2013 we expect more serious dynamics. In 2012 we completed important processes on improvement of capital market infrastructure. Conducting operations became much easier, time and expenses spent on them reduced, contracts signed became more stable. Funding from the capital markets acquired the form of more favorable financing compared to other sources, "- Aslanli said.