The turnover of Baku Stock Exchange as of July 1 totaled 6 billion 787 million 415 thousand manat under 36,090 deals. Due to the derivative financial instruments, growth compared to January-June of last year amounted to 876.26 million at 11-fold increase in the number of transactions.
According to the information of BSE, in January there was reached an absolute record of monthly turnover (1 billion 933 million 579.45 thousand manats for 7,469 transactions), while June was the most passive in this year - 507 078 000 AZN in 3,642 transactions.
Total turnover in the first half was determined by foreign exchange derivatives - 5 billion 206 million 201.25 thousand AZN in 29,610 transactions. In this trend BSE turnover this year promises to be much more than the results of last year - December 31, turnover was at the level of 8 billion 634,110,000 manats for 6,369 transactions.
According to general statistics, the turnover of BSE in 2008 - 9 billion 159.5 million mantas – is still considered the biggest one. --17D-
Economics
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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Climate change poses a serious risk to global economic and financial stability, said Bo Li, Deputy Managing Director of the International Monetary Fund (IMF), at the event titled "Global Financial System: Scaling Up Climate Action Financing" held as part of COP29.
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Azerbaijan's banking sector has unveiled a comprehensive set of initiatives aimed at bolstering sustainable development, according to Zakir Nuriyev, President of the Azerbaijan Banks Association (ABA). Nuriyev outlined the plans during the second panel of the "Global Financial System: Expanding Climate Finance" event.
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Azerbaijan remains steadfast in its commitment to developing a sustainable green economy, according to Taleh Kazimov, Chairman of the Central Bank of Azerbaijan (CBA). Speaking at the COP29 event on Thursday titled “Global Financial System: Scaling Up Finance for Climate Action,” Kazimov emphasized the country's strategic focus on green development as part of its broader socio-economic agenda for 2030.
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