Baku, Azerbaijan, May 30
By Fakhri Vakilov – Trend:
According to the results of 2018, the volume of transactions concluded at the Uzbek Commodity Exchange (UZEX) amounted to 31.8 trillion soums, which is by 129.6 percent or 2.3 times more than in 2017, Trend reports with reference to UZEX.
Moreover, growth was noted across all trading platforms. Exchange exports grew 2.1 times and amounted to $125.9 million.
The total volume of transactions concluded with the participation of small businesses and private entrepreneurship reached 15.9 trillion soums, which is 70 percent more than in 2017.
Entrepreneurs purchased commodity resources for 11.2 trillion soums through the exchange and sold their own products for 4.7 trillion soums.
On the exchange trading platform, the company-sellers received additional income due to the formation of real market prices at the auction in the amount of 3.9 trillion soums.
During the reporting period, large-scale work was carried out to develop external relations, expand the trade infrastructure, increase trading transparency and ensure the information security of electronic exchange systems.
Cooperation was established with the ETS Commodity Exchange (Kazakhstan), the Belarusian Universal Commodity Exchange, the Kyrgyz Stock Exchange, the State Commodity and Raw Materials Exchange of Turkmenistan, the Caspian Commodity Exchange (Kazakhstan), Moscow Exchange JSC, Saint Petersburg St. Petersburg International Commodity Exchange, St. Petersburg Commodity Exchange, Istanbul Exchange, Armenian Exchange and other foreign exchanges.
In Kazakhstan, Belarus, China and Russia, eight foreign trading platforms have been opened, 20 foreign brokerage houses and over 110 foreign bidders have been accredited.
UZEX shareholders decided to direct 52.2 percent of net profit for 2018 to pay dividends in accordance with the recommendations of the Supervisory Board. A dividend per ordinary share provides 87.3 percent of dividend yield to shareholders.
An independent evaluation of the corporate governance system of UZEX JSC, conducted in accordance with the requirements of the Corporate Governance Code, showed high results and amounted to 1,177 points, which is 98.08 percent.
($1- 8498.34 soums on May 30)
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