![In 2012, the stock market dipped by nearly half](https://turan.az/resized/./turan-750-500-resize.webp)
In 2012, the stock market dipped by nearly half
The total turnover of transactions on all instruments at Baku Stock Exchange (BSE) in 2012 amounted to 9001.8 million manat, which is 6.8% more than in the previous year.
According to the BSE, the share of government securities in the last year had 89.9% of all transactions.
The increase in stock sales was mainly due to the government securities market, an increase of 20.5%. Turnover of transactions in the primary market of notes increased by 33.8%. The volume of repo transactions increased by 18.6%.
The corporate securities market fell by 46.9%. Operations on the primary placement of bonds decreased by 69.3%, while the volume of secondary transactions in bonds - by 35.3%. Primary market share decreased in 2 times and the secondary opposite rose by 89.3%. The number of transactions in the primary market increased from 137 to 548, and the secondary - decreased from 3424 to 3413. Overall, the market share for the year decreased by 49% - 15D -
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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