Joint-stock companies of Uzbekistan issue more securities (Exclusive)

Baku, Azerbaijan, Oct. 10

By Fikret Dolukhanov – Trend:

Joint-stock companies of Uzbekistan have significantly increased the volume of issue of securities over the past year, the State Committee of Uzbekistan for Assistance to Privatized Enterprises and Development of Competition told Trend on Oct. 10.

According to the information, as of Oct. 1, 2018, securities of 604 joint-stock companies were taken into account at the Central Securities Depository, the total volume of which amounted to 5.55 trillion with a nominal value of 56.63 trillion soums.

The State Competition Committee of Uzbekistan underlined that, as of Oct. 1, 2017, for comparison, the Central Securities Depository accounted for securities of 615 companies with a volume of 4.34 trillion worth 47.6 trillion soums.

Taking into account the fact that the exchange rate of Uzbek soum over the past period did not undergo significant changes and stayed at around 8,000 soums per US dollar, the volume of securities issued increased by 1.21 trillion, which totals 9.03 trillion soums, despite the number of joint-stock companies decreasing by 11.

A large majority of corporate bonds in Uzbekistan fell on the share of commercial banks. According to the State Competition Committee, the Central Securities Depository accounted for 502,600 corporate bonds totaling 205.06 billion soums, of which 452.600 bonds or 155.06 billion soums were issued by only five commercial banks.

Earlier it was reported that Oct. 2-5 trade-week on Uzbekistan’s Toshkent Republican Stock Exchange ended by 69.8 million shares of 27 joint-stock companies worth 85.0 billion soums (over $10.39 million) being sold, which is a record high figure.

The shares of commercial banks were the most actively traded (the share in the weekly turnover was 99.5 percent).

Since the beginning of the year, 7,973 securities transactions worth a total of 414.8 billion soums were concluded at the Toshkent RSE. Some 7.4 billion securities of 113 issuers participated in the trades.

(8181.08 soums = 1 USD on Oct. 10)

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