Tashkent, Uzbekistan, July 13
By Demir Azizov- Trend:
The turnover of Uzbekistan’s Tashkent Republican Stock Exchange (UZSE) increased by 1.5 times in January-June 2016 and amounted to 119.7 billion soums compared to the same period of 2015, the UZSE said.
The official exchange rate is 2953.84 soums/$1 July 13.
According to the UZSE, some 106.7 million securities (a 23 percent decrease) of 80 issuers (a 1.6 times growth) were sold at the UZSE auctions in January-June 2016.
The primary market’s share in the exchange turnover increased by 2.4 times up to 45.3 percent of the total exchange turnover in January-June 2016 compared to 19.2 percent a year earlier, the UZSE added.
The primary market’s turnover increased by 3.5 percent to 54.2 billion soums, the UZSE said.
The secondary market’s share in the exchange turnover decreased up to 54.7 percent and reached 65.5 billion soums, the UZSE added.
The state assets totaling 20.4 billion soums were sold on the secondary market, which made up 17 percent of the total exchange turnover, the UZSE said.
The securities of the financial enterprises dominated in the sectoral structure of the total exchange turnover in January-June. Some 61.5 percent of the exchange turnover accounted for the securities (73.6 billion soums, including shares of banks - 61 percent of the exchange turnover, the shares of insurance companies – 0.5 percent.
According to the UZSE, the share of enterprises of the industrial complex reached 6.8 percent, agro-industrial complex - 5.3 percent, construction enterprises - 1.4 percent. The deals on the securities sale in freely convertible currency on the stock exchange were not conducted in January-June 2016.
Tashkent Republican Stock Exchange was established in 1994. The founders are investment, brokerage and insurance companies, as well as the State Committee of Republic Uzbekistan on State Property Management.
UZSE organizes primary placement and secondary trading of assets and bonds of privatized companies with approximately 370 issuers being allowed to participate in trading. More than 100 investment institutions are UZSE members.
The UZSE’s total trade turnover increased by 1.7 times up to 160 billion soums in 2015 compared to 2014.