Tashkent, Uzbekistan, Dec. 17
By Mammad Dashdemirov – Trend:
The trading volume on the republican stock exchange Tashkent increased by 6.4 percent in January-November 2017 compared to the same period of last year and amounted to 238.5 billion soums, the stock exchange told Trend.
In total, during the reporting period, 2,300 transactions were concluded on exchange trades (a decrease of 17.5 percent), in which 1.4 billion securities (an increase of 2.4 times) of 93 joint-stock companies were sold (a decrease of 34.4 percent).
Thus, 53.4 percent of transactions accounted for foreign investors in January-November 2017 compared to 45.3 percent for the same period of last year, while 25.4 and 20.5 percent - for individuals.
The biggest volumes of the exchange turnover for eleven months of this year accounted for securities of enterprises of the financial sector of the economy - 89.3 percent of the total trading volume in money terms, including the banking sector - 87.5 percent, compared to the same figures of the previous year - 51.2 percent and 50.1 percent.
The shares of private commercial banks, in particular, Trustbank, Turkiston, Savdogarbank, Asia Alliance Bank, which is the biggest private bank with foreign capital, as well as Uzbek-Turkish UT Bank are in great demand among foreign investors.
The biggest volumes account for the enterprises that are part of the structure of the National Holding Company Uzbekneftegaz - 20.1 percent and commercial banks - 12 percent.
(8093 UZS = $1 on Dec. 17)