Azerbaijan's Stock Market Turnover Increases By 2.4 Times

Baku, Azerbaijan, April 18



Trend:



Azerbaijani stock market turnover increased by 2.4 times in the first quarter of 2014, compared to the same period last year.



The dynamic development continued in the first quarter, the chairman of the Azerbaijani State Securities Committee Rufat Aslanli said at the extended board meeting dedicated to the first quarter results of the implementation state program for the development of the securities market in Azerbaijan for 2011-2020.



The turnover of the stock market increased by 2.4 times over the reported period, and trade in corporate securities - 3.9 times compared to the same period last year, he said.



Aslanli also noted significant events have been held on the compliance of securities market to the international standards during this period.



Then followed information on the activities undertaken in the first quarter of 2014.



At the end of the meeting, Aslanli assessed the first quarter as a fruitful period and gave appropriate instructions to determine taxation policies in the securities market, the formation of new trade and post-trade architecture, strengthening discipline of execution.