Yearbook 2020
Organization Overview
The republican stock exchange «Toshkent» has been formed on April 8, 1994 according to the Decree of the President of the Republic of Uzbekistan 'About measures for further deepening of economic reforms, ensuring protection of a private property and development of business' of January 21, 1994 No. 745, its activity is closely connected with the reforms undertaken in the republic and policy of creation of public joint stock companies on the basis of the privatized state enterprises.
Today the Republican stock exchange «Toshkent» is the exchange having more than 100 broker offices in all regions of the republic, the most modern equipment and the software capable to connect the clients to the auction from any office.
Mission and values
Achievement of a strategic objective requires the performance of the following tasks:
• Increase in the number of the most financial and stable companies included in official exchange listing, not less than 200 units;
• Increase in a share of an exchange turn in a total volume of the stock market and the reduction of an off-exchange turnover,
• Increase in a shares which are in free circulation by ensuring existence and availability on the stock market, first of all for a general population, a necessary resource of securities;
• Transition to electronic document flow during the processing and registration of exchange transactions on the basis of Uniform programmatically — the technical complex allowing to lower transaction expenses at commission of exchange transactions and to hold the repeated auction during one working session;
• Ensuring electronic interaction with members of the exchange and a gradual transition to the organization of trade in the Internet trading mode;
• Creation of additional mechanisms of protection of interests of investors at transactions with securities in the stock market by introduction of recommendations of the Korean stock exchange and transition to 100% deposition of money and term of payment under the perfect transaction of T + 2;
• Further increase in transparency of the stock market by transition and formation of the reports of the issuers included in official exchange listing in an electronic form and reflected in the official site of the exchange.
Republican Stock Exchange "Toshkent"
About Company
FEAS Talks with Mr Usmonov
Established: 8th April 1994
Chairman of the Board: Mr. Bekzod Usmonov
Address: 100107, Mustaqillik street,
Tashkent city, Uzbekistan
Email: [email protected]
Website: www.uzse.uz
- Joined FEAS in 1997 -
Mr Bekzod Usmonov
Chairman of the Board
Despite its productivity, 2020 has brought personal and business challenges to the whole world. During the pandemic, the business processes of the RSE "Toshkent" have been optimized to the conditions of remote operation, so that employees could do their work without leaving home.
The past year has become a bright one in terms of capital market reforms in the Republic of Uzbekistan.Regulations of a great importance, aimed at creating transparent and fair privatization processeshave been adopted by the government of Uzbekistan. In addition, by changes and additions to the legislation, the possibility of issuing corporate bonds to limited (and additional) liability companies was restored.
According to the results of 2020, the exchange indicators of the RSE "Toshkent" have significantly increased compared to 2019. The number of concluded deals increased by 18%, and the volume of deals increased by 37%. The growth was also observed in the number of traded securities, as well as in the number of issuers and instruments. Especially worth noting the growth of the volume of deals of 75% in the bond market.
Significant changes and additions have been made to the exchange quotation list. The listing categories were fully changed, as well as the requirements for issuers have been revised.
The level of corporate governance of issuers and information disclosure has noticeably increased. During the year, “Issuer Day” events were heldamong blue-chip stocks companies.
Realizing the importance of the development of our employees, the exchange, together with various ministries and departments, organized online lectures and seminars for advanced training, in which experiencedinternationalspeakers from the USA and Europe were invited.
The Republican Stock Exchange "Toshkent" sets the task of improving the existing trading conditions, creating additional opportunities for investors and traders, as well as sustainable development of the exchange business and the entire stock market of the Republic of Uzbekistan.
Year in review
"By searching ways to confront COVID-19 in 2020, we took actions to comply with Business Continuity plans. We identified the main directions for development of the exchange business for the next 5 years and introduced listing reforms as well as focused on increasing market liquidity."