Baku Stock Exchange foresees a drop in turnover

Baku Stock Exchange foresees a drop in turnover
# 27 May 2009 12:56 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Baku Stock Exchange’s turnover is forecast to halve by this yearend, said Khayal Abdinov, Chairman of Baku Stock Exchange.


“We hope to achieve at least 50% of last year’s volume this year. However, it would be a success to reach a turnover of AZN 7 billion for this year,” he added.

According to him, government securities will account for the bulk of the turnover.

The turnover was AZN 10 billion last year.
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