BAKU, Azerbaijan, July 18
By Fidan Babayeva - Trend:
Azerbaijan has a high potential for increasing the profitability of the securities market, although only a small part of it is used for this purpose, Chairman of the Board of the Association of Stock Market Participants of Azerbaijan (AFBIA) Jeyhun Ibrahimov told Trend.
The chairman highlighted some important issues related to the growth in the profitability of the country's market.
"If to maximize the opportunities of local capital market, then we’ll observe growth this year, both in terms of turnover and profitability. Currently, for the development of the securities market, securities should be traded more actively, and work must be done to attract companies with a positive image, whose financial position is relatively stable," Ibrahimov said.
As the chairman noted, there is an example of how measures taken in this direction bring tax and some other benefits to emitting companies that massively place securities.
"Full e-commercialization of the capital market will also significantly increase profitability in this area," he said.
Touching upon the issue of increasing the profitability of any security, the chairman stressed that key factors such as the economic situation in the country and in the emitting company, its financial position and average interest rate play an important role.
"Furthermore, these factors can affect the profitability in various forms, depending on the type and characteristics of the securities," he concluded.
AFBIA was established on May 2, 2007.
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