FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
SARAJEVO STOCK EXCHANGE
OFFICIAL 6 MONTH STATISTICS
US$ millions
Total Volume
Average Daily Volume
# Shares millions
Total Volume
Average Daily Volume
Stocks
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 21.39
25.40
13.82
22.71
13.99
21.37
118.68 1.02
1.21
0.69
1.03
0.70
1.02
0.94 1.59
1.28
0.96
1.39
1.16
1.43
7.80 0.08
0.06
0.05
0.06
0.06
0.07
0.06
Bonds
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 0.00
0.00
0.00
0.00
0.00
0.00
0.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 0.00
0.00
0.00
0.00
0.00
0.00
0.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00
Market Capitalization (US$ millions)
Index
Jan-08
10,727.60
5,568.79
Feb-08
10,598.62
5,336.38
Mar-08
9,318.32
4,259.39
Apr-08
9,626.29
4,499.06
May-08
10,172.10
4,656.10
Jun-08
9,225.64
4,171.97
PRACTICES & PROCEDURES
Trading
Days
Hours
Market segmentation
Monday thru Thursday
Monday thru Friday 9:00 -1:00
The Free Market (OTC) lists 476 companies
Official Market lists 11 investment funds and 3
companies
System
Electronic trading system with remote access with
fault tolerance and back-up facilities (Up to 2 second
response time), real time communication with back
office, remote access, link with Central Depository,
Dial Up, Leased Line and ISDN
Mechanisms
Call Auction and Continuous Trading
Market-maker/Specialists No
Instruments
Stocks
Currency
Local
Real time information
Best bid/ask, Last Price, Last Volume, Total Volume,
Order Book
Clearing & Settlement
Central Depository
Period
Registered
Settlement
Clearing
DVP
Clearing Institution
Risk Sharing
Margin/Lending
Custodians
Yes
T+3
Yes
Book entry
Trasaction by transaction
Full DVP
Central Registry
No
No
Central Registry and Brokerage Houses
Taxes
Cash Dividends
Interest Income
Capital Gains
No
No
No
Structure & Regulations
Legal
Joint Stock Company with Special
Status
Regulation
Self
Securities market
Regulatory Institution(s) without the
regulations
participation ofthe Exchange and
by the Exchange, with the
Regulatory Institution(s) approval
Trading rules
Exchange
Surveillance
Yes, electronic and continuous
Corporate actions
Centralized
Trading halts regulations Ban on trading, Suspension of
official listing
Investor protection
Compensation through legal or
contractual right
Foreign Participation
Foreign investors
Investment limitations
Repatriation
No restrictions
No limitations
No restrictions
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