Trading volume on stock exchange plummets over tenfold in Q1

The head of the trading platform attributes this to major deals completed in 2023.

In the first quarter, the trading volume on the Republican Stock Exchange "Tashkent" decreased by more than ten times, the investment company KAP DEPO reports.

In January-March this year, the stock market saw 133.6 thousand deals, marking a 2.78-fold increase over the same period in 2023. However, the trading volume significantly shrank to 171.9 billion UZS.

According to Openinfo, the net profit of the stock exchange plummeted nearly 30 times – from 600.2 to 20.2 million UZS.

A negative trend was also observed in gross profit (a 2.47-fold decrease year-over-year) and net revenue (a reduction of 2.62 times). The financial indicators for assets (71.6 billion UZS) and equity (71.2 billion UZS) remained largely unchanged, staying at the previous year’s level.

#economy #stock exchange