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
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
-
Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
-
In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
Leave a review