The volume of transactions in the BSE declined by three times
Over seven months of 2016 the volume of transactions on purchase and sale of investment and derivative securities amounted to 2.239.300 manat, which is by three times less than in the comparable period of 2015, according to the BSE. This year, the public securities (Treasury Bonds) concluded 125 deals worth a total of 296.6 million manats, including for 85 transactions on their placement in the amount of 200.3 million manats. The volume of transactions increased by about 16 times. The market volume of debt securities in January-July amounted to 41.5 million AZN, by 32 times less, than in the comparable period of 2015. In January-July 2015 Azerbaijan Mortgage Fund placed bonds in the amount of 31.2 million manats. This year, while placement of AMF bonds was not conducted.
By 5.5 times reduced the volume of transactions on the shares. Over the reported period were concluded 1235 transactions on the sale of shares in the amount of 26.3 million manat. Of them,placement amounted 24.6 million manats. In January-July 2015 were placed shares in the amount of 139 million manats.
Decreased the interest of investors and derivative securities on the basis of currencies and commodities. This year the volume of transactions on them amounted to 1.874.000 manats against 5.443.000 manats last year. 08D
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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