High concentration continues to characterize Azerbaijan's stock market.
According to Report, citing the Baku Stock Exchange (BSE), in the first half of 2026, financial institutions accounted for 99% of listed market capitalization, while eight institutions represented about 91% of total market value.
In the January–June period, secondary market turnover amounted to 8.8 million manats (approximately $5.2 million), while primary market turnover reached 51.7 million manats (just over $30.4 million).
In June alone, secondary market turnover for International Bank of Azerbaijan and PASHA Bank JSC stood at 2 million manats (approximately $1.2 million) and 0.6 million manats (approximately $353,000), respectively.