Tashkent, Uzbekistan, Jan. 14
By Mammad Dashdemirov – Trend:
The trading volume on the Tashkent Republican Stock Exchange decreased by 9.4 percent and amounted to 298.6 billion soums in 2017 compared to 2016, the Analytical Department of the Tashkent Republican Stock Exchange told Trend.
In total, 2,600 deals were concluded on the Tashkent Republican Stock Exchange in 2017 (a decrease of 19.7 percent). Moreover, 1.6 billion securities of 99 joint-stock companies were sold.
Thus, 60 percent of transactions accounted for foreign investors in 2017 compared to 50.1 percent in 2016, while 32.2 percent of transactions accounted for individuals in 2017 compared to 16.2 percent in 2016.
The biggest volumes of the turnover for 2017 accounted for securities of financial enterprises - 87.8 percent of the total trading volume, as well as the banking sector - 86.3 percent in 2017 compared to 51.6 percent and 50.6 percent, respectively, in 2016.
The biggest transaction was concluded in November 2017.
The shares of private commercial banks, in particular, Trustbank, Turkiston, Savdogarbank, Asia Alliance Bank, as well as Tashkent oil and fat combine were also in great demand among foreign investors.
As of January 1, 2018, 606 joint stock companies were registered in Uzbekistan, which issued 4.5 trillion shares with a total face value of 48.6 trillion soums and 550,000 corporate bonds worth 251 billion soums.
The minimum authorized capital for newly established joint-stock companies has been set at 1.6 billion soums, commercial banks - 100 billion soums, general insurance companies - 7.5 billion soums, compulsory insurance companies - 15 billion soums, reinsurance companies - 30 billion soums in Uzbekistan since January 1, 2018.
(8.139 UZS = $1 on Jan. 14)