...

Share of stock transactions in Azerbaijan’s depository center in national currency grows

Finance Materials 28 November 2019 18:01 (UTC +04:00)
Share of stock transactions in Azerbaijan’s depository center in national currency grows

BAKU, Azerbaijan, Nov. 28

By Eldar Janashvili - Trend:

From January through October 2019, Azerbaijan’s National Depository Center registered 3,892 stock transactions on the purchase and sale of securities worth 11.1 billion manat ($6.5 billion), Trend reports referring to statistical data of the center Nov. 28.

Compared to the same period last year, the total number of stock transactions increased by 15 transactions, their share in local currency increased by 8.5 percent and amounted to 3,134 transactions (81.1 percent of the total number). In US dollars, 734 transactions were concluded (18.9 percent) - 41.8 percent less than in the same period last year.

The total volume of registered exchange transactions (about $30 billion) showed a decline of almost 4.6 percent compared to the period from January through October 2018. The share of the volume of transactions concluded in local currency remained almost unchanged and amounted to 99.7 percent of the total due to a three-fold reduction in the volume of registered transactions in US dollars.

In July, the number and volume of transactions in US dollars rose sharply, showing the highest growth since February. During the month, a total of 57 transactions worth 6.1 million manat ($3.6 million) were concluded.

($1= 1.7 manat on Nov. 28)

Tags:
Latest

Latest