Discover more from Uzbek.Review is a publication by EUROUZ.eu

Uzbek.Review is a project by Europe-Uzbekistan Association for Economic Cooperation (EUROUZ.eu). We keep you updated on key developments in Uzbekistan. The publication consists of short biweekly updates and occasional special comprehensive publications.

Financial Markets

AVESTA Overview: October 2-13, 2023

Biweekly overview on Uzbekistan securities markets by Avesta Investment Group & Europe-Uzbekistan Association for Economic Cooperation

Oct 16, 2023

TASHKENT STOCK EXCHANGE

During the given period, the trading volume on the Tashkent Stock Exchange amounted to nearly 10bln UZS, which was a decrease of 24.6% compared to the previous period. A total of 87 types of securities were traded, the same as in the previous period.

Among the top 10 list of traded securities, half of them were banks, with IPTB1 accounting for 28.7% of the trading volume, with a significant portion of it coming from 10 large transactions totaling 2.27 bln UZS at a rate of 4.02 UZS per share. Following IPTB1, IPTB held a 21.36% share of the trading volume, while HMKB contributed approximately 9.04%.

It's worth noting that HMKB's price increased by 10.03% throughout the period. Four out of the five stocks listed in the table didn't experience any price changes, mainly due to one-time transactions (in the case of BUPD and URGK). However, UZMK and IPTB1 saw declines in price by 6.21% and 4.6% respectively.

AVEX increased by 6.9% during the last two weeks.

AVESTA EQUITY INDEX (AVEX)

*The AVEX index describes the general market trend by covering the top 20 listed companies, in a particular quarter, with the highest liquidity and transaction turnovers on the Tashkent Stock Exchange. The index is a sum of the daily stock prices multiplied by the weighted average coefficients given to selected companies. The base date is 01/01/2021 (1000).

FINANCIAL NEWS

OVERVIEW

Mortgage Refinancing Company JSC attracted 410bln UZS from the Ministry of Economy and Finance provided by ADB.
TBC Bank JSCB to attract a $15mln loan from parent TBC Bank Group Plc.
Mssrs.Sharipov Tokhir Mirakhimovich and Parpiev Dilmuradjon Batyrovich increased their stakes in Trastbank JSCB (TRSB) by 9.64% (up to 21.9%) and 10.84% respectively.
The number of real estate transactions increased by 1.4% in September.

Avesta Investment Group is a leading investment banking, securities, and investment management firm in Uzbekistan, with operations in all Central Asian countries.

Visit Avesta website for more

Available for iOS and Android

ABOUT US

EUROUZ OR EUROPE-UZBEKISTAN ASSOCIATION FOR ECONOMIC COOPERATION (EUROUZ.EU) IS A EUROPEAN COOPERATION PLATFORM ESTABLISHED TO ASSIST THE EUROPEAN BUSINESS COMMUNITY IN DEVELOPING AND STRENGTHENING BUSINESS, INVESTMENT, AND TRADE COOPERATION TIES WITH UZBEKISTAN.

ALL ORGANISATIONS OF ANY LEGAL FORM REGISTERED WITHIN THE EUROPEAN ECONOMIC AREA + UK AND SWITZERLAND OR THOSE LEGALLY REGISTERED IN UZBEKISTAN ARE ELIGIBLE TO BECOME MEMBERS OF EUROUZ.

EUROUZ IS A NON-COMMERCIAL, NON-PROFIT, NON-GOVERNMENT ASSOCIATION ESTABLISHED IN BRUSSELS WITH A BRUCH OFFICE IN THE PROCESS OF REGISTRATION IN UZBEKISTAN. FOR ANY INQUIRIES, CONTACT US VIA: INFO@EUROUZ.COM

DISCLAIMER

THE DATA, ANALYSIS AND ANY OTHER INFORMATION (THE “INFORMATION”) CONTAINED IN THE EUROUZ MONTHLY REPORT ON UZBEKISTAN (THE “REPORT”) IS FOR INFORMATIONAL PURPOSES ONLY. IT IS NEITHER INTENDED AS A SUBSTITUTE FOR ADVICE FROM BUSINESS, FINANCE, INVESTMENT CONSULTANT OR OTHER PROFESSIONALS, NOR IS IT MEANT TO BE A BENCHMARK OR INPUT DATA TO A BENCHMARK OF ANY KIND. WHILST REASONABLE EFFORTS HAVE BEEN MADE TO ENSURE THE ACCURACY OF THE INFORMATION CONTAINED IN THE REPORT, EUROUZ MAKES NO WARRANTIES OR REPRESENTATIONS AS TO ITS ACCURACY, RELEVANCE OR COMPREHENSIVENESS AND ASSUMES NO LIABILITY OR RESPONSIBILITY FOR ANY INACCURACY, ERROR OR OMISSION OR FOR ANY LOSS OR DAMAGE ARISING IN CONNECTION WITH OR ATTRIBUTABLE TO ANY ACTION OR DECISION TAKEN AS A RESULT OF USING OR RELYING ON THE INFORMATION IN THE REPORT. THE VIEWS EXPRESSED IN THE REPORT ARE THOSE OF EUROUZ AND DO NOT NECESSARILY REFLECT THE VIEWS OF ITS GOVERNING BODIES. FULL REPRODUCTION, COPYING OR TRANSMISSION OF THE REPORT IS NOT PERMITTED IN ANY FORM OR BY ANY MEANS BY THIRD PARTIES WITHOUT EUROUZ’S WRITTEN PERMISSION. HOWEVER, THE INFORMATION CONTAINED THEREIN MAY BE USED AND/OR REPRODUCED FOR EDUCATIONAL AND OTHER NON-COMMERCIAL PURPOSES WITHOUT THE EUROUZ’S PRIOR WRITTEN PERMISSION, PROVIDED THAT THE REPORT IS REFERENCED. THE REPORT MAY CONTAIN REFERENCES TO MATERIAL(S) FROM THIRD PARTIES, WHOSE COPYRIGHT MUST BE ACKNOWLEDGED BY OBTAINING NECESSARY AUTHORIZATION FROM THE COPYRIGHT OWNER(S). EUROUZ OR ITS GOVERNING BODIES SHALL NOT BE LIABLE OR RESPONSIBLE FOR ANY UNAUTHORISED USE OF ANY THIRD-PARTY MATERIAL(S).