Deals with government securities on the Baku Stock Exchange in January-August compared with last year's period to September 1 decreased 25.8 times and amounted to 19,156,670 manats. The entire amount came to the placement in the secondary market for bonds issued by the Ministry of Finance.
The total turnover of transactions on all instruments by 1 September totaled 7,341,295,511.74 manats (+ 10.5% compared to January-August last year). The leaders are derivative instruments - in this segment of the financial market transactions amounted to 5,461,341,290 manats (an increase of 4.6 times). The share of debt securities was 1,520,309,890 manats (minus 31.6%). On the volume of placement of bonds the Azerbaijan Mortgage Fund (AMF) on the secondary market had 1,289,774,390 manats, and in the primary market - 31,259,840 manats.
Dramatically reduced the level of repo operations - by September 1 last year, they were at 3,535,442,990 AZN, but this year - 113 518 150 manats. The share market’s role in the total turnover of BSE in the reporting period was 148,003,800 manats (shortfall of 5.1 times). At the same time on the trading floor placement of shares worth 139,080,670 manat was carried out, and in the secondary market it was 8,923,130 manats. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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