Turnover of Baku Stock Exchange up by 50%

In January-August this year, the total value of deals concluded on all financial instruments at Baku Stock Exchange CJSC (BSE) amounted to 12,929,432,000 (+49.7%) manats ($7.6 billion), Report informs, citing BSE.

The number of deals concluded in the last year increased by 42.7% to 7,898.

State securities accounted for 39.9% of BSE's turnover, or 5,155,747,000 manats ($3 billion), marking an 8.8% rise.

During the reporting period, the value of transactions on the corporate securities market increased by approximately 44.9% to 899.632 million manats ($529.2 million), the value of repo transactions increased by approximately 2.1 times to 6,874,046,000 manats ($4 billion).