The total turnover of transactions on all instruments at Baku Stock Exchange (BSE) in January-August 2012 was 7,552.77 million manat, which is 42.9% more than the corresponding period in the previous year. In August, the exchange turnover was 516.41 million manat.
According to the BSE, the share of government securities in the period was 94.7% of all transactions.
The increase in stock sales occurred at the expense of the government securities market, an increase of 46.1%. Turnover of transactions in the primary market of notes increased 35.7%. The volume of repo transactions increased 53.8%
The corporate securities market increased 2.6%. Operations on the primary placement of bonds decreased 2.6 times and the volume of secondary transactions in bonds rose by 5.7%. The primary market share increased 72.4%, and the secondary one grew by 25.5%. The number of transactions in the primary market increased from 109 to 110, and that in the secondary market decreased from 2,471 to 2,257. - 15D -
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review