• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12831.81
    • RUB163.75
    • EUR14606.45
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +34°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Uzbekistan World Money

    Tashkent Stock Exchange sees 67.7% turnover from bonds amid economic developments

    Tashkent Stock Exchange sees 67.7% turnover from bonds amid economic developments

    Bond transactions dominated market activity contributing to more than half of the total turnover at 67.7%. Among the bonds, BFMT3V2 led with 45.8% of the turnover followed by HMBK1 at 18.9% and IFMT4 at 2.1%. In terms of stocks, the highest contributions to the total volume came from UNVB (8.9%), EQQU (7.5%), and URTS (4.0%).

    Photo credit / Avesta Investment Group 

    During the recent trading period the Tashkent Stock Exchange (TSE) experienced a notable decline in activity with the total trading volume amounting to nearly UZS 14.1bn marking a 45.8% decrease compared to the previous two weeks. The number of securities traded totaled 79 three less than the previous period as reported by Avesta Investment Group.  

    Several securities saw significant price changes. UZTL experienced the highest increase at +7.2%, followed by UZMK at +5.0%. Conversely, UNVB and URTS saw declines of 13.9% and 3.3%, respectively. Other top securities by volume either remained stable or exhibited minor fluctuations. Additionally AVEX increased by 1.3% during this period.

    In economic news S&P affirmed Uzbekistan's sovereign credit rating at BB- with a stable outlook. Canadian Condor Energies announced a $582mn investment in oil and gas production in the Bukhara region. SQB JSCB (SQBN) secured a €165mn syndicated loan from Deutsche Bank. Inflation in May reached 2.8% month-over-month or 10.55% year-over-year and the state debt stood at $34.9bn representing 38.4% of GDP in 2023. Uzbekistan aims to join the World Trade Organization (WTO) by 2026. Hyper Partners will build a 500MW photovoltaic power plant in the Namangan region and China Datang Overseas Investment will invest $150mn for a 263 MW photovoltaic power plant in the Tashkent region. Russia also plans to construct a small nuclear power plant in Uzbekistan.

    Photo credit / Avesta Investment Group 

    The crypto sector contributed $3.5mn to the state budget in Q1 2024 and new flights have been launched between Doha and Tashkent. Iranian Petrochem will launch a $273mn chemical cluster in the Bukhara region with a production capacity of 460,000 tons per year. The President instructed to identify 20 areas with the highest tourism potential in the Kashkadarya region attracting $50mn for each. Revenue of Beeline Uzbekistan for 2023 amounted to UZS 3.15 trillion, an increase of 22.6% year-over-year. Car production increased by 1.5 times reaching 114,600 units in the first four months of 2024. Russian VEB.RF will invest $3.3bn in various projects in Uzbekistan including the construction of a nuclear power plant. Non-performing loans (NPLs) in April rose from 4.5% to 4.8% with 5.3% for state-owned banks and 3.8% for private banks. The World Bank will provide $100mn to improve social services in Uzbekistan and Domino's Pizza opened its first restaurant in Tashkent.

    Photo credit/ Avesta Investment Group 

    Corporate developments included the supervisory board of Biokimyo JSC (BIOK) recommending paying dividends of UZS 2,400 per share and Uzbekistan Airports JSC establishing Airports Training Center LLC. Boshtransloyiha JSC will conduct project and design work for Uzbekistan Railways JSC on the Bukhara-Misken railroad worth approximately UZS 3bn. TBC Bank JSCB will provide a UZS 25bn loan to TBC Fin Service LLC. Hamkorbank JSCB (HMKB), Uzvtorcvetmet JSC (UIRM) and Akhangarancement JSC (ex. OHSM) decided not to pay dividends for the 2023 fiscal year. Fitch affirmed a BB- rating with a stable outlook for Almalyk Mining JSC (AGMK) and assigned a BB- rating with a stable outlook to TBC Bank Uzbekistan.

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    11.06.2024, 14:50   Comments (0)   1505
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Uzbekistan exports over 500,000 tonnes of fruits and vegetables in 1Q24

    11.06.2024, 09:30

    Daughter of former Kazakh president loses defamation case to businessmen

    10.06.2024, 23:24

    China to launch tourist train to Tashkent and Samarkand 

    10.06.2024, 22:17

    Uzbekistan and China designate June 10 as day of dialogue among civilizations - UN

    10.06.2024, 21:09
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?

     

    Recommended

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34

    Uzbekistan’s foreign trade turnover reaches $24.6bn in 4M25, up 16.3% y/y

    22 May, 11:29

    "We wouldn’t have won without U.S. aid" – The hidden truths behind the USSR’s World War II victory

    12 May, 15:39

    Uzbekistan's banking deposits surge to $25.2bn in March

    8 May, 17:24
     
     
     

    Latest news

    Uzbekistan opens trade house in Lahore to boost business ties with Pakistan

    Uzbekistan | 5 June, 09:00

    Turkmenistan launches CODI assessment with UNICEF, ILO, and World Bank to enhance social protection system

    Turkmenistan | 4 June, 17:00

    Kazakhstan, OECD sign deal to advance reforms and strengthen regional competitiveness

    Kazakhstan | 4 June, 15:19

    Pladis expands into Uzbekistan with new distribution centre

    Uzbekistan | 4 June, 14:18

    EBRD backs women-led businesses and green initiatives in Kyrgyzstan with $8mn for FINCA Bank

    Kyrgyzstan | 4 June, 13:21

    "There is nothing shameful about this" — Deputy PM Kuchkarov defends Uzbekistan’s public borrowing

    Uzbekistan | 4 June, 11:36

    Uzbekistan startups gain momentum with $5mn Imkon Ventures fund to drive tech growth and job creation

    Uzbekistan | 4 June, 10:30

    Uzbekistan remains world’s top gold seller for third month running

    Uzbekistan | 4 June, 09:13

    Afghanistan’s Balkh province doubles wet fruit harvest despite drought

    Afghanistan | 3 June, 17:11

    Kazakhstan and Afghanistan discuss expanding trade, infrastructure, and digital cooperation

    Kazakhstan | 3 June, 15:02
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.