BAKU, Azerbaijan, August 10. Uztelecom has emerged as one of Uzbekistan's strongest-performing listed companies in 2026, with its shares soaring more than 300% since the beginning of the year.
This was reflected in the statement by KAP DEPO.
According to data from the Tashkent Republican Stock Exchange, the company's ordinary shares rose 11.9% during Monday's trading session to 7,900 soums (about $0,00066) per share, approaching the 8,000-soum (around $0,67) mark.
Over the past 30 days, Uztelecom's shares have gained 33.9%, while the stock has advanced 306.8% since the beginning of 2026, adjusted for the company's capitalization.
The sharpest appreciation began after the company's capitalization in late April. At that time, the shares traded at around 2,400 soums (approx. $0,00020) before climbing a further 229.2% over the following months.
The latest rally coincided with the publication of the company's first-half financial results. Earlier, Uztelecom reported net profit of 896 billion soums (about $74.6 million) for January–June 2026, compared with 10 billion soums (approx. $832,767) in the same period of last year.
Trend's analysis shows that Uztelecom has become one of the best-performing listed companies on Uzbekistan's stock market in 2026. The stock's 306.8% year-to-date gain significantly outpaced the broader market, with investors responding to a sharp improvement in the company's profitability and financial performance.
Trend's calculations show that Uztelecom's share price has increased by approximately 5,500 soums (around $0,00046) since the beginning of the year and by about 229% since late April alone. The company's 8,860% surge in net profit—from 10 billion soums (approx. $832,767) to 896 billion soums (around $74.6 million)—has likely reinforced expectations of stronger shareholder returns and supported the sustained rally in its shares.
In Trend's assessment, the combination of robust earnings growth and rising investor demand has positioned Uztelecom among the key drivers of Uzbekistan's equity market this year. The stock's performance also reflects growing confidence in the country's capital market, where improving corporate governance, stronger financial disclosures and privatization reforms are attracting increasing investor attention.
