‘Azerbaijan’s corporate securities market needs development’ (Exclusive) (PHOTO)

‘Azerbaijan’s corporate securities market needs development’ (Exclusive) (PHOTO)

Baku, Azerbaijan, Jan. 15

By Anvar Mammadov – Trend:

The corporate securities market has a very small share in the total turnover in the Baku Stock Exchange (BSE), BSE chairman Vugar Namazov said in an interview with Trend.

He said that a lot of work must be carried out for the development of the corporate securities market.

"In general, 2017 was a record year for the BSE with a turnover of 13.6 billion manat in 2017," he said. "The trading is carried out in five markets, namely, state securities market, stock market, market of debt instruments, market of repo transactions and derivatives market."

"If we do not take into account derivative instruments, a big part of the market (about 80 percent) accounts for the state securities market, which shows that a lot of work should be carried out to develop the private sector," Namazov said.

Namazov added that the state securities market could play the role of a model for the corporate securities market, especially in IPO.

"We have all seen how the issue of SOCAR bonds increased interest in mass issuance of bonds," he said. "We have already completed the listing of Unibank and METAK company. A similar step aimed at mass issuance of securities is also necessary for the stock market. All expect someone to take the first step and if it is successful, the rest will follow this example. Therefore, a role model, that is, a big company that could carry out a big issue of securities, is very important for us."

According to the Baku Stock Exchange, the total turnover of stock transactions on all instruments on the BSE in 2017 amounted to over 13.6 billion manat, which is 2.4 times more than in 2016.

The state securities market turnover amounted to 6.07 billion manat (7.3-fold growth for the year), corporate securities market turnover - 1.62 billion manat (3.9-fold growth) and the derivatives market turnover - 5.9 billion manat (33.6 percent).

Azerbaijan publishes data on computer security requests for February
Azerbaijan publishes data on computer security requests for February
New organizations registered within Azerbaijan's 'gov.az' web domain
New organizations registered within Azerbaijan's 'gov.az' web domain
Data on quality of services from Azerbaijani mobile operators issued
Data on quality of services from Azerbaijani mobile operators issued
Loading Bars
Latest
Iran, Syria enjoy $1.5 billion trade capacity: Official
More cargo from Georgia to Lithuania expected in future by Klaipeda Seaport
Azerbaijani Defense Minister, Ambassador of Belarus discuss prospects for development of military co-op
Azerbaijani FM, Uzbek ambassador exchange views on current situation in region (PHOTO)
Numerous people take part in online survey on return to Azerbaijan’s Nagorno-Karabakh region
Azerbaijani State Insurance Commerce Company talks about closure of some branches
Azerbaijan to develop new services for microfinance sector
Overdue debt increases in Georgia
Georgia sees increase in volume of deposits in lari
Georgian commercial banks see decline in lending
Azerbaijan to use Turkey's experience in restoring monuments in liberated lands (PHOTO)
Georgian farmers can now get diesel benefits online
Iran's Energy Exchange announces products to be on sale on March 2
Azerbaijani SOFAZ unveils volume of foreign currency sold at auctions during February
Presidential website releases full version of press-conference of Azerbaijani president (VIDEO)
Uzbekistan, Organization of Islamic Cooperation talk prospects of cooperation
Georgia to secure first doses of Oxford-AstraZeneca COVID-19 vaccine
Iran’s Bahar Azadi gold coin price rebounds
Statement in support of Azerbaijan's territorial integrity adopted at conference in Iran (PHOTO)
Contract signed in Iran on fish farming
Former French president Sarkozy convicted of corruption, handed jail sentence
Iran and Georgia fix problem with transit of trucks, through Azerbaijan
Azerbaijani SME Development Agency receives numerous applications for creation of businesses in liberated lands
Beekeeping to rapidly develop in liberated Azerbaijani lands - Association
Uzbekistan’s state budget expenditures mainly account for social sphere
State Insurance Organization opens tender for installation of drip irrigation system
Buta Airways Launches Flights to Tbilisi
Non-oil exports from Azerbaijan show uptick - CAERC
Russian industrial holding sells its shares in Uzbek cement enterprise
EU to propose vaccine passports in March in time for summer
Azerbaijan and Iran to build new bridge over Astarachay - Iranian ambassador
Kazakhstan resumes flights from Almaty to Kyrgyzstan
Azerbaijan confirms 71 more COVID-19 recoveries
First UAE ambassador arrives in Israel, eyes Tel Aviv embassy
China's import of Azerbaijani products grows multifold in value terms
Turkmen Health Ministry opens tender to purchase of medical equipment
Volume of fish caught in Iran's Golestan Province announced
Gasoline prices surge in Kazakhstan
Iran seeks to enhance relations between Caspian states in transport sphere - ambassador
Turkey records lower revenues from car export to Iran in Jan. 2021
Raiffeisen Bank continues to monitor Turkmenistan's business perspectives
Azerbaijan publishes data on computer security requests for February
Azerbaijan issues data on foreign trade turnover of precious stones, natural pearls
Azerbaijani army's mortar batteries continue live-fire training exercises (VİDEO)
Iran and Azerbaijan to cooperate in reconstruction of Karabakh
Georgia thanks EU for strong partnership and support
Turkey issues data on Jan. 2021 volume of crude oil shipment via local ports
New organizations registered within Azerbaijan's 'gov.az' web domain
Turkey records substantial growth in exports to Turkic-speaking countries
Weekly review of Georgian capital markets (Feb.22 through Feb.26)
Germany eyes co-op with Uzbekistan in construction of Mazar-i-Sharif – Kabul – Peshawar railway
Kazakhstan boosts imports from Vietnam
WTO to hold ministerial meeting in Geneva in late 2021
Azerbaijan plans to raise SMEs' share in non-oil GDP by 2025
Data on quality of services from Azerbaijani mobile operators issued
Uzbekistan attracts Russian experts for reconstruction of Sardoba reservoir
Turkmenistan allocates land for planting legumes in Dashoguz region
Details of release of Iranian blocked assets in South Korea
Iran to restrict sea traveling during Nowruz holiday
Payments firm Klarna triples valuation to $31 billion by raising $1 billion
Iran to increase border control
Georgia aims to import wheat from Kazakhstan
Iran reveals COVID-19 data for March 1
UK consumer credit slumped as new lockdown hit in January
Azerbaijan's SOCAR Polymer maintains leading positions on export in private sector
Saudia plans to order 70 Airbus, Boeing jets
Number of payment cards in circulation surges in Kazakhstan
Ankara hosts meeting of Joint Azerbaijan-Turkey Commission on Culture (PHOTO)
S&P names key risks for Georgian economy in 2021
OECD recommends steps to develop export-oriented agriculture sector of Georgia
Kazakhstan Railways opens tender to buy pipes
Uzbekneftegaz launches second compressor station at Alan field
Uzbek-Korean JSC announces tender for transport services
Iran plans to increase amount of airplanes flying over its territory
Iranian gov't approves a seven-year plan to save Gorgan Bay
Iran's Atomic Energy Organization talks Bushehr Nuclear Power Plant
Non-cash payments by foreigners in Azerbaijan plummet
Azerbaijan's satellite operator discloses revenues for Jan.2021
Turkish TOBB reveals number of registered Iranian companies in Jan.2021
Volume of problem loans in Azerbaijan decreases
Central Bank of Azerbaijan shares data of deposit operations of Azerbaijani commercial banks
Turkey announces coal handling figures via local ports over January 2021
Kazakhstan sees decrease in overall lending volumes
Third export train with Turkish-made goods sent to China via BTK railway
Area for growing crops increased in Turkmenistan
Iranian Parliament to review Pensions Bill
Georgia expects GDP to recover
Iran seeks to stabilise commodity prices and foreign currency rate
Iran shares data for foreign trade
Iran to adopt domestically produced equipment for National Information Network
Iranian government expresses concerns over FATF related bills
Iran provides free electricity to low consuming users
Azerbaijani president, first lady attend opening ceremony of world`s first tanker museum in Surakhani (PHOTO)
Azerbaijani president, first lady attend sail away of 'Academician Zarifa Aliyeva' ship, launch of first Ro-Pax type 'Azerbaijan' ferry boat (PHOTO)
TP Securities strike deal on setting up polypropylene production in Uzbekistan
President Aliyev inaugurates new administrative building of Azerbaijan Caspian Sea Shipping Company (PHOTO)
Guatemala President thanks India for providing Covishield vaccine doses
14 missions lined up for launch in 2021, says ISRO chairman K Sivan
Foreign countries want to implement India's NEP: Pokhriyal
Android continues to be most used OS in Azerbaijan
All news