Page 39 - Caucasus Outlook 2023

5.3 Markets – Azerbaijan

The total value of transactions on all financial instruments at the Baku
Stock Exchange CJSC (BSE) in January-November 2022 was
AZN12.3bn ($7.2bn) which is 12.5% less than in the same period last
year.

Over the past year, the number of transactions concluded decreased by
17.1% and amounted to 8,977. State securities accounted for
AZN6.68bn or 54% of the turnover of the BSE. This is 2.4% less y/y.

During the reporting period, the value of transactions in the corporate
securities market increased by almost 95.7% and amounted to
AZN1.2bn, the value of repo transactions decreased by about 33.5%
and amounted to AZN4.41bn.

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