First deal on market-making activity signed in Azerbaijan
The first agreement on market-making activity on the Azerbaijani securities market was signed between the Baku Stock Exchange and Pashabank, Trend news agency reported.
From now on, signing of this agreement will serve as the establishment of the activity of the market-making institution on the local capital market.
According to the terms of the agreement, since January 21 Pashabank, by means of Pasha Capital, will provide the daily quotes on the below-mentioned securities:
|
Issuer |
State registration number/ISIN code of security |
Ticker |
Volume of buy obligation (on face value), AZN |
Volume of sell obligation(on face value), AZN |
Price corridor between buy and sell bids, % |
|
Azerbaijan Mortgage Fund |
AZ2001008682 |
AIF001 |
1 500 000 |
- |
3 |
|
"Unibank" OJSC |
AZ2008002027 |
UNBK2 |
200 000 |
- |
5 |
|
"Unileasing" CJSC |
AZ2005005197 |
UNILZQ3 |
200 000 |
- |
5 |
|
"Bakcell LLC" Ltd. |
AZ2001009466 |
BCELL01 |
200 000 |
- |
5 |
|
"Bank of Baku" OJSC |
AZ2006005360 |
BOFBK |
200 000 |
- |
5 |
According to the market-making rules of the stock exchange, the market-maker provides daily compulsory buy and voluntary sell quotes with an aim to ensure the liquidity on the market. The quotes are disclosed on real time basis in the trading system of the BSE as well as on daily basis in the exchange's website.
PASHA Bank was established in June, 2007.
The official exchange rate is 0,7848 AZN/USD on Jan. 21.