FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
BAKU STOCK EXCHANGE
2007 was a fruitful and successful year for
the BSE since in that year our trading
volume grew 4 times and reached US$ 6.5
billion for the first time in its history.
Khayal Abdinov
Chairman
2007 was a fruitful and successful year for the
Baku Stock Exchange (BSE). Since 2006 our
trading volume grew 4 times and reached US$
6.5 billion for the first time in the BSE’s history
against US$ 1.6 billion.
The BSE is developing from year to year. The
exchange has recently completed the
negotiations on the purchase of a new trading
system. The exchange also continues the
process of modernization of its internal rules
FUTURE OUTLOOK
The BSE plans to purchase a new trading
system. The new trading system is expected to
be presented for use by the market participants
in 2008.
This year the BSE will adopt new listing rules,
which are in the process of being prepared. In
addition, the BSE attaches great attention to the
modification of other internal rules. Adopted in
2000, some of those rules do not meet the
requirements of the market, and therefore, in
2008 they are expected to be modified.
and documents and this process will continue
in 2008, too.
The BSE has almost completed negotiations
regarding purchasing of a new trading-
settlement system which is intended to be
installed this year. The new trading system will
create new opportunities for the local market
participants and will introduce new financial
instruments.
In 2008 the BSE will continue to work on
development of the corporate securities market.
The state securities market will also be the
focus of attention since it is planned to continue
the process of attracting the investors’ attention
to this segment of the market.
In 2007, the BSE also focused on
development of foreign relations. The BSE
sent staff to visit foreign exchanges. At the
FEAS General Assembly held in Belgrade,
Serbia, the BSE agreed with FEAS to hold the
next Working Committee meeting in Baku.
Money supply in the economy of the country
grows and the banks are involved more and
more actively in the stock market; as a result,
the Exchange expects continued growth of
money supply in the stock market.
Recently some new banks have been
established in Azerbaijan, and generally, the
banking sector in the country is rapidly
developing. This factor is a positive influence on
the stock market of the country.
CONTACT INFORMATION
Contact Name Mr. Kamran Aliyev
E-mail [email protected]
Website www.bse.az
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