BAKU, Azerbaijan, Sept. 21
By Fakhri Vakilov – Trend:
The volume of transactions at the Uzbek Republican Commodity and Raw Materials Exchange (UZEX) increased by 59.3 percent from January through August 2021, Trend reports citing the Center for Economic Research and Reforms of Uzbekistan.
A significant increase in stock exchange activity is observed in Bukhara (by 88.6 percent), Tashkent (by 79 percent) and Namangan (by 62.4 percent) regions, as well as in the capital of Uzbekistan of Tashkent (by 2.3 times).
Center for Economic Research and Reforms notes that the reason for the surge in the volume of transactions is the increase in sales of mineral fertilizers, cotton fiber, diesel, cement and a number of other products.
“The increase in the volume of transactions on the stock exchange indicates the growth in the activity of legal entities and an increase in the income of individuals, which contributes to an increase in business activity through demand factors,” the message says.
Earlier it was reported that UZEX is preparing to launch futures trading jointly with the US Commodity Futures Trading Commission (CFTC) and US Connomara systems LLC.
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