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Turkmenistan increases several times sale of shares on Ashgabat Stock Exchange

Turkmenistan Materials 31 May 2022 11:57 (UTC +04:00)
Khayal Khatamzadeh
Khayal Khatamzadeh
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BAKU, Azerbaijan, May 31. At the auction of the Ashgabat Stock Exchange of Turkmenistan from January through May 2022, investors purchased shares worth more than 29.83 million Turkmen manats ($8.52 million), Trend reports with reference to the Business Turkmenistan website.

This is 3.7 times higher than the total value of shares sold at the Ashgabat Stock Exchange in 2021 (more than 8.4 million Turkmen manats, or $ 2.4 million).

Furthermore, according to the portal, since 2019, more than 1.2 million shares worth over 50 million Turkmen manats ($14.2 million) have been sold at the Ashgabat Stock Exchange.

Currently, there are more than 8,000 shares of Halkbank Joint-Stock Commercial Bank, 5,500 shares of Rysgal State Commercial Bank and more than one million shares of Senagat Joint-Stock Commercial Bank in circulation on the exchange.

Since the beginning of its activity, the Ashgabat Stock Exchange has held 33 trading sessions, registering 61 transactions.

Meanwhile, the Ashgabat Stock Exchange JSC was established on August 17, 2016.

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