Uzbek Stock Exchange turnover up by 1.5 times
Tashkent, Uzbekistan, Oct. 26
By Demir Azizov- Trend:
The trade turnover of Uzbekistan’s Tashkent Republican Stock Exchange (UZSE) increased by 1.5 times in Jan.-Sept. 2016 and amounted to 170.4 billion soums compared to the same period of 2015, the UZSE said.
The official exchange rate is 3083.96 soums/$1 Oct. 26.
According to the UZSE, some 222.8 million securities (a 10.2 percent increase) of 95 issuers (a 46.2 percent growth) were sold at the UZSE auctions in January-September 2016.
The share of enterprises of the financial sector in the total trade turnover of the stock exchange declined to 55.7 percent compared to 85.2 percent a year earlier, including bank shares accounted for 55 percent of the stock exchange turnover, and the shares of insurance companies accounted for 0.7 percent.
The share of enterprises of industrial complex has increased to 8 percent from 0.2 percent. The share of agroindustrial complex in the trade turnover of the UZSE declined to 5.5 percent from 10.2 percent, the share of enterprises of construction industries fell to 1.1 percent from 2.2 percent a year earlier.
The share of not differentiated “other” enterprises significantly increased in the stock exchange turnover to 16.3 percent from 2.1 percent.
Legal entities were dominating in the structure of investors in January-September 2016, who accounted for 78.3 percent of the stock exchange turnover, including foreign investors (31.7 percent). The share of investors-individuals increased to 21. 7 percent from 16.4 percent in the same period last year.
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.