By 30.4% in comparison with the figures for November 1 last year increased the total turnover of transactions on all instruments at Baku Stock Exchange (BSE). The press release of BSE noted that the figure for January-October totaled 7,543,125,730 manat.
Most (54.1% or 4,082,324,730 manat) volume fell on government securities. Thus this segment recorded a decline of 14.87% with a substantial increase (3.5 times) in the corporate sector - 3,460,801,000 manat.
In the primary market the volume of bonds issued by the Finance Ministry was 69,860,230 manat (minus 14.13%), while in the secondary market it was 22,277,140 manat (minus 21.88%).
In the primary market of short-term notes of Central Bank the volume was 138,069,570 manat (minus 46.87%), and in the secondary market it was 312 808 570 manat (growth by 7 times). Repo operations by November 1 totaled 3,539,309,210 manat (minus 19.23%).
The placement volume of corporate bonds in the primary market in January-October was 1,894,359,170 manat (growth by 20.23 times), and in the secondary market it was 725,229,740 manat (+ 37.3%).
During the reported period, the exchange platform implemented placement of shares amounting to 837,314,460 manat (growth by 2.38 times), and on the secondary market it was 3,897,630 manat (minus 73.31%). --17D-
Economics
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The State Oil Company of Azerbaijan (SOCAR) is preparing to sign a major contract with a Pakistani company in the future, signaling strengthened trade and economic cooperation between the two countries.
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Azerbaijan's Minister of Energy, Parviz Shahbazov, chaired the inaugural meeting of the Coordination Council for implementing the "Action Plan for the Phased Introduction of Electricity Market Elements," approved by the Cabinet of Ministers in May this year.
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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