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.
“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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