In July of this year, the OTC market investment securities recorded transactions for the sale of 1,223,237 shares of non-financial companies, worth about 2.3 million manat. Activity in the market has continued to grow, although investors are not aware of what stocks are popular.
The Baku Stock Exchange (BSE) has announced the overall indicators of the OTC market shares, according to which, compared with the previous month, the number of shares which are the subject of sale has increased by 2.2 times. In value terms, the OTC market grew by 92%. Contrary to the rules of deals of the purchase and sale of registered securities investment of the State Committee for Securities of August 2011, the BSE does not provide information on specific transactions.
From 1 to July 31 of this year were concluded sale and purchase 278,472 shares of industrial companies and 999,765 shares of companies other spheres of activity. BSE does not provide information about the number of OTC transactions, most of which is the nature of the insider. SSC continues to keep quiet on the illegal actions of BSE and is not responding to Turan IA about it. - 08B-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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