IBA Leader of Stock Currency Market in December 2006

Business Materials 11 January 2007 17:24

BSEX (Baku Stock Exchange) has determined the five leading banks-operators of the stock currency market in December, 2006.

As Trend reports referring to a press-release of the Stock, they were IBA (International Bank of Azerbaijan), CJSC Commercial Bank Standard, Joint-Stock TekhnikaBank, Kocbank Azarbaycan, and UniBank OJSC.

The share of deals concluded by IBA in aggregate gross turnover (the amount of currency bought and sold) at the currency section of BSEX reached 48,45%, Bank Standard вЂ" 15,63%, РўekhnikaBank вЂ" 7,89%, Kocbank Azarbaycan вЂ" 6,33% Рё UniBank вЂ" 6,19%. No deals conclude by the National bank of Azerbaijan were counted..

The message says that in December, 2006, the volume of stock transactions was 378,664 mln. AZN ($434,447 mln.). It may be considered to be the monthly record indicator at the currency section. Totally 44 trade sections were held in last month resulting in registering 193 deals.

As results December, 2006, the weighted stock rate of USD/AZN was 0,8716 AZN, while in the corresponding period of 2005, it was equal to 0,9183 AZN per 1 USD. Thus, the revaluation of the rate of the National Currency in 2006 reached 0,0467 gapiks or 5,08%.