By 1 April the BSE’s turnover decreased by eight times compare with the same period of last year
In the first quarter turnover of the Baku Stock Exchange for securities transactions amounted to 579 million 922 thousand manats within 8805 transactions. For comparison - over the same period of last year by 21738 contracts have led to the total volume of 4 billion 885 million 717 thousand manats. Eight-fold decline in absolute terms is associated with problems in the financial system due to the fall in world oil prices and the devaluation of the national currency.
Like last year, the largest density was for the derivative tools - on their account is 68.6% or AZN 397.7 million of turnover, of which almost all (371.7 million) were recorded on foreign currency transactions.
Last year the total BSE turnover was at the level of 8 billion 455.51 million AZN on 53367 transactions. The share of derivative instruments was 73.3% of the total volume of transactions. --17D-
Economics
-
Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
-
The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
-
BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
-
In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
Leave a review