FEAS Yearbook FEAS Yearbook 2008 | Page 61

FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
“TOSHKENT” REPUBLICAN 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 2.67
7.29
12.53
5.98
10.38
12.20
51.05 0.12
0.35
0.63
0.27
0.49
0.58
0.02 10.26
22.34
13.11
11.75
40.36
12.42
110.24 0.47
1.06
0.66
0.53
1.92
0.59
0.04
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 0.00
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
Market Capitalization (US$ millions)
Index
Jan-08
890.91
45.00
Feb-08
1,492.72
59.70
Mar-08
1,646.45
169.40
Apr-08
2,633.74
90.40
May-08
2,751.85
35.00
Jun-08
2,915.93
83.80
PRACTICES & PROCEDURES
Trading
Days
Hours
Market segmentation
System
Monday-Friday
10:00-12:00, 15:00-16:00
First, second
Automated, depository link, remote reporting facilities,
WAN
Mechanisms
Primary market, call auction
Market-maker/Specialists No
Instruments
Stocks
Currency
Local and US$
Real time information
None
Clearing & Settlement
Central Depository
Period
Registered
Settlement
Clearing
DVP
Clearing Institution
Risk Sharing
Margin/Lending
Custodians
Yes
T+5
Registered, bearer
Book entry
Transaction by transaction
No, one day or more difference between payment
and delivery
Yes, partly owned
No
No
Individuals, institutional investors, brokerage houses,
banks, market makers
Taxes
Cash Dividends
Interest Income
Capital Gains
15%
31%
4%
Structure & Regulations
Legal
Regulation
Securities market
regulations
Special status within the law
No
Regulatory institution(s), the
Exchange and the market
participants jointly develop new
rules or projects
Trading rules
Shared responsibility
Surveillance
No, electronic
Corporate actions
Independent agents
Trading halts regulations Yes
Investor protection
No
Foreign Participation
Foreign investors
Investment limitations
Repatriation
Yes, restricted
Yes, limited
Yes, restricted
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