The trading volume on the Tashkent Stock Exchange reached $413,859 during the week, marking a 26.7% decrease from the previous week. The total number of securities traded was 86, three less than the week before.
More than half of the trading volume was attributed to UNVB. Recent information reveals that Mr. Anvar Irchaev, the Chairman of the Board of Universal Bank JSCB (UNVB), increased his equity stake in the bank from 4.99% to 5.11%.This follows an earlier increase this year when he raised his stake from 0.25% to 4.99%. BFMT3V2 bond transactions contributed 14.1% of the volume, while EQQU accounted for nearly 7% with three deals.
Among the top 10 securities, EQQU’s closing price saw the most significant reduction, declining by 34.3% during the week. Similarly, the closing prices for UNVB and UZMK fell by 10.8% and 1.4%, respectively. On the other hand, DORI, TRSB, and UZINP’s closing prices grew by 9.3%, 6.2%, and 2.8%, respectively. AVEX saw a decrease of 0.4% over the week.
Weekly Economic News
Infrastructure Development Funding
According to the latest Presidential Decree to finance infrastructure development in cities, the following funds will be attracted:
- A $100mn loan from AIIB and WB’s IDA for 30 years, including a five-year grace period
- $43.2mn from the government in the form of reimbursement of tax and customs payments and covering financial expenses
The President of Uzbekistan and the Chief of AIIB met in Beijing to deepen cooperation and partnership. The National Electric Power Company of Afghanistan paid off the $627mn owed for electricity to four countries, including Uzbekistan.
Import and Export Trends
Uzbekistan saw a 5.2-fold increase in passenger car imports from China. Consequently, China’s share in total passenger car imports rose from 36.8% to 79.3%. In 2023, Uzbekistan exported fruits and vegetables worth over $1.1bn.
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