Bank Of Baku

Rufat Aslanli: “Share of corporate securities segment in Azerbaijan’s stock market reaches 25%”

Rufat Aslanli: “Share of corporate securities segment in Azerbaijan’s stock market reaches 25%”
# 22 December 2010 11:01 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. In January-November, 2010, the transactions on corporate securities in Azerbaijan’s stock market rose 14% compared to a year ago, Chairman of State Committee for Securities Rufat Aslanli told APA.

According to him, Azerbaijan’s securities market has developed in accordance the main directions of development conception, stated by SCS a year ago.

He also noted that, the main target of committee is to develop the corporate securities market and achieve the financing of this sector by securities market: “During 11 months of 2010, volume and share of operations in corporate securities market has increased by approximately 14$ and 25% from 11%. This indicates that, corporate securities market is not instrument of monetary policy and financing of budget deficit, but it is a classic mission serving to financing of private sector”.
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