About Company
Republican Stock Exchange "Toshkent"
Established: 8th April 1994
Address: 100107, Mustaqillik street, Tashkent city, Uzbekistan
Contact person: Rafaella Djafarova
Email: [email protected]
Website: www.uzse.uz
- Joined FEAS in 1997 -
George Paresishvili
Chairman of the board
Year in review
80
81
This year has been very intense and eventful. It was not easy, but it is worth noting that the RSE “Toshkent” was able to respond to all the challenges facing the exchange.
In 2023, a fivefold increase in the number of trades (411 870) on the exchange was recorded compared to the previous year. This amazing figure demonstrates the confidence of market participants in our platform and its active role in the development of the country's financial sector. The growth was driven by the activity of new retail clients and the use of a mobile application for remote opening of brokerage accounts and stock trading, which is especially encouraging.
Despite the decrease in the total volume of transactions to 2.71 trillion UZS, the exchange successfully managed the dynamics of the market, ensuring stability and reliability in trading, clearing and settlements for all completed transactions. This period emphasizes the importance of managing change and adapting to new conditions, which is an integral part of the exchange's development strategy.
I would especially like to highlight the IPO of three companies - JSC “UzAuto Motors”, JSC “O`zbektelekom” and JSC EIIC “Uzbekinvest”. These companies have become a striking example of successful partnership and dynamic development in the local stock market. For example, in the IPO of the companies JSC “O`zbektelekom” and JSC EIIC “Uzbekinvest”, retail investors bought more than 35% of the total supply of shares. Our partnership with key players in the economy speaks to the commitment of the RSE “Toshkent” to create conditions for sustainable growth and investment.
In 2023, we also made several important changes and additions to our bidding rules and expanded our range of services. A new market for unlisted shares was created, which in turn showed remarkable results. The process of admitting international depositories and global custodian banks to the local stock market has begun to attract foreign investors.
The Federation of Euro-Asian Stock Exchanges