BSE records rise in turnover
By Sara Israfilbayova
The total turnover of the stock transactions on all instruments on the Baku Stock Exchange (BSE) has amounted to 5.78 billion manats ($3.4 billion), during January 1-August 15, 2017.
This figure exceeds the total turnover of transactions of the past year by 2.3 times. The BSE’s turnover amounted to 2.56 billion manats ($1.50 billion) in 2016, BSE reported on August15.
As of late July 2017, the volume of government securities market totaled 1.61 billion manats ($946,613) [5.4-fold increase over the year], corporate securities market turnover – 1.15 billion manats ($676,152) [17-fold growth], and the derivatives market volume – nearly 2.58 billion manats (growth by 37.5 percent).
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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