More than four-fifths (84.05%) of the total volume of transactions on the Baku Stock Exchange (BSE) from January to May this year, accounted for market derivatives. In numbers, it is 4 billion 802 million 370.92 thousand of 5 billion 713 million 882.79 thousand manat. Most of the derivatives (4 billion 732 million 413.73 thousand) are currency transactions. Goods accounted for 69 million 957.19 thousand manat. It is noteworthy that this is a new niche for the trading floor - in the period before May 1 of last year such operations were not carried out.
Transactions in government securities have declined 20.7 times, amounting in value terms to 14 million 914.88 thousand manat (decline of 20.7 times), all of which came in the placement of bonds in the secondary market, issued by the Ministry of Finance.
The share of investors' share fell to 101 million 84.28 thousand manat (decrease of 6.9 times). Shares were placed on the primary market in the amount of 99 million 392.68 thousand manat (seven-fold reduction), and on the secondary market - 1 million 691.62 thousand manat (+ 33.1%).
Debt market instruments were estimated by May 1 in 716 million 263.02 thousand manat (an increase of 2 times). 11 million. 57.75 thousand manat accounted for the placement of bonds of the Azerbaijan Mortgage Fund (AMF) in the primary market, while in the secondary market it was far more (583 million 170.66 thousand manat).
Repo transactions from January to May were at 79 million 249.68 thousand manat (reduction by 43 times). --17D-
Economics
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In Baku, grappling with growing environmental challenges, experts and policymakers convened on Friday for an international scientific conference titled “Sustainable Environment: Transition to Green Energy.” The event highlighted the urgent need for innovative strategies to combat pollution and advance renewable energy initiatives.
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Kazakhstan is set to increase its oil transit through the Baku-Tbilisi-Ceyhan (BTC) pipeline by 5.1% in 2024, reflecting growing regional cooperation and diversification in energy routes. According to figures obtained by Turan News Agency, the total volume of Kazakh oil transiting through the BTC pipeline is projected to exceed 1.464 million tons, up from 1.392 million tons in 2023.
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In a groundbreaking development for Azerbaijan’s energy sector, GL Group, a prominent Azerbaijani oil company, has announced plans to drill the country’s first horizontal well on land, reaching a depth of 4,400 meters with a lateral section of approximately 400 meters. The project, a milestone in the region’s oil exploration history, is set to take place at the Kirsangi-Garabaghly onshore fields.
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The Central Bank of Azerbaijan (CBA) forecasts an annual inflation rate of 5.1% by the end of 2024, comfortably within the target range of 4% ± 2%. However, recent data indicate that inflationary pressure has significantly eased over the year: in October, the inflation rate stood at 3.4%, slightly down from 3.5% in September. Official data for November have not yet been released, leaving room for speculation about possible year-end adjustments.
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