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Volume of stock exchange transactions exceeds non-stock ones by 1.6 times in January in Azerbaijan

Business Materials 8 February 2012 18:31 (UTC +04:00)

Azerbaijan, Baku, Feb.8 / Trend N.Ismayilova /

The National Depository Center (NDC) under the Azerbaijani State Securities Committee registered 114 stock transactions for the sale of shares in the amount of 15.9 million manat at the contract price and in the amount of 15.5 million manat - at par value in January, the NDC said on Wednesday.

The Depository Center registered 25 non-stock exchange transactions in the amount of 2.5 million manat at a nominal price and 11 transactions on the additional issue in the amount of 9.61 million manat at a nominal price. The volume of registered non-stock exchange transactions exceeded the stock ones by 1.6 times and the number of non-stock exchange transactions exceeded the stock ones by 10.4 times in September.

Securities in the amount of 6.5 billion manat are deposited in the NDC.

The NDC was established in Sept.18, 1997. Its founder and owner is the State Property Committee. After the establishment of the State Securities Committee, the NDC's shares were transferred to its property. In this regard, the NDC was reestablished by the SSC on Sept. 8, 1999 and registered by the state on Sept. 17, 1999.

The official exchange rate is 0.7863 manat to $1 on Feb.8.

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