Azerbaijani stock market increases 6% in 2012
The turnover of the Azerbaijan's securities market increased by 6% in 2012, reaching 9.422 billion manats, a report of the country's State Committee for Securities (SCS) on last year's results published on its website on Wednesday said.
"The stock market's activity was continued in 2012 against the background of the policy on maintaining one-digit inflation and growth in financing from the capital markets," the report says. "As a result, in January-November 2012, stock market turnover accounted for 37% of GDP, or 5% points higher than in the same period of 2011".
The government securities market grew by 20% to 8.1 billion manats last year.
Last year, the primary market for note trading rose by 34%, while the secondary market grew by 17 times. In general, the market grew 63%, surpassing one billion manats. Along with this, the volume of repo-transactions with notes hit 6.8 billion manats, increasing by 19%.
The official exchange rate is 0.7849 AZN/USD on Jan. 16.