Azerbaijan’s Stock Currency Market Increased by about 30% in April 2007
Azerbaijan, Baku/ Trend , corr I. Khalilova/ The Baku Stock Exchange (BSEX) has determined the five banks which are the leading operators in the hard currency market in April 2007. A message being released by BSEX today says the top of the list of leaders has been revealed.
"Standard Bank" CJSC, "UniBank" OJSC, Joint Stock Investors "AzeriGazBank" ("AGBank"), the International Bank of Azerbaijan (IBA) and "Yapi Kredit" CJSC were among the bank leaders of the currency exchange market in accordance with the share of the deals concluded by them in the total turnover of the BSEX currency section.
The share of "Standard Bank" made up 22.29 %, with "UniBank" equaling 21.66 %, "AGBank" equaling 14.68 %, IBA equaling 13.46 % and "Yapi Kredit" equaling10.25 %.
On the whole, a total of 24 banks took part in trades in the BSEX currency section. In the reporting period, a total of 42 trade sessions were held and 145 deals were registered in the Bourse Electronic System of Trades (BEST).
The amount of trades of the BSEX currency section in the reporting period made up AZN 106.783 mln ($123.363 mln). As compared with the corresponding figures registered in April 2006, the turnover of the BSEX currency section increased by 29.37 % (AZN 24.24 mln.)