Baku Stock Exchange’s turnover rises dramatically

The total value of transactions concluded on all financial tools at the Baku Stock Exchange CJSC (BSE) amounted to nearly 21.9 billion manats ($12.9 billion) from January to November 2023.

The given figure is 76.4 per cent more as compared to the same period last year, Report informs, citing BSE.

The number of transactions concluded over the past year increased by 29.4 per cent and reached 11,613.

Meanwhile, 60 per cent of the BSE turnover or nearly 13.1 billion manats ($7.7 billion) accounted for repo transactions, which is 3 times more than a year earlier.

During the reported period, the value of transactions in the government securities market increased by 10.7 per cent and amounted to 7.4 billion manats ($4.35 billion), the value of transactions in the corporate securities market increased by 4.9 per cent and totalled nearly 1.34 billion manats ($788 million).