Turnover of BSE hits 5B manats
By Sara Israfilbayova
The total volume of all transactions through all financial instruments of the Baku Stock Exchange (BSE) amounted to 5,338 billion manats ($3.138 billion) in January-July 2017. The figure is more by 2.4 times compared to the indicator of the same period of 2016.
The volume of the state securities market amounted to 1.610 billion manats ($946.669 million) during the reporting period, Azertac reported.
Some 387.2 million manats ($227.7 million) from the total amount of the securities were bonds of the Finance Ministry, and 1.223 billion manats ($719.115 million)-notes of the Central Bank of Azerbaijan (CBA).
Over the past year, the market share totaled to 667.6 million manats ($392.5 million), the debt market volume-470.5 million manats ($276.6 million). The volume of the market for derivative financial instruments amounted to 2.578 billion manats ($1.515 billion).
During the first 7 months of this year, the volume of REPO operations amounted to 11.6 million manats ($6.8 million).
A repurchase agreement (REPO) is a form of short-term borrowing for dealers in government securities. The dealer sells the government securities to investors, usually on an overnight basis, and buys them back the following day.
BSE is the main stock exchange in Azerbaijan. BSE trades short-term treasury bonds, common stocks (primarily from former state-owned enterprises that have been privatized, including food and beverage, construction and banking companies), and foreign currency futures.
The mission of BSE is to establish and develop market infrastructure that will provide the trading of securities and efficient execution of transactions.
BSE began its operations on February 15, 2000 with the support of the State Committee for Securities of Azerbaijan. The first trading operation at the stock exchange was carried out on September 1, 2000.
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