The Baku Stock Exchange (BSE) has a rich history dating back to 1995, when it was established as a joint stock company.
The exchange started its operations on January 30, 1995, with a limited number of companies listed.
BSE has undergone significant transformations over the years, evolving into a modern and efficient marketplace for securities trading.
Today, the exchange is a member of the World Federation of Exchanges and the Federation of Euro-Asian Stock Exchanges.
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Management
Ruslan Khalilov is the current CEO of the Baku Stock Exchange.
The supervisory board, which oversees the entire operation, is led by Farid Akhundov.
Ruslan Khalilov is the person in charge of the Baku Stock Exchange right now.
Farid Akhundov heads the supervisory board, which plays a crucial role in guiding the exchange.
Ruslan Khalilov is responsible for making key decisions at the Baku Stock Exchange.
The leadership of the supervisory board is in the capable hands of Farid Akhundov.
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Companies and Listings
The Baku Stock Exchange is home to a diverse range of listed companies, each with its own unique offerings and industries.
Agroleasing OJSC, for example, specializes in leasing and selling agricultural machinery, inputs, and providing agrotechnical services.
Azerbaijan is the country where most of these companies are based, with industries ranging from extraction of natural gas to animal production.
Ateshgah Life Insurance OJSC offers life, savings, and credit insurance plans for individual and corporate clients, with its ISIN being AZ1006006873.
Baku Insurance OJSC is another insurance provider, with its ticker being BAKSG.
Here's a list of some of the companies listed on the Baku Stock Exchange, grouped by industry:
These companies offer a range of services and products, from banking and insurance to manufacturing and animal production.
Activity and Operations
The Baku Stock Exchange has a robust activity and operations framework that ensures a smooth trading experience. Its primary function is to facilitate trading of corporate securities.
The exchange is responsible for trading on both primary and secondary markets of government securities, including T-bills of the Ministry of Finance of Azerbaijan and banknotes of the Central Bank of Azerbaijan. These transactions are carried out exclusively at the BSE.
The state regulatory authority for the stock exchange and the Azerbaijani securities market is the Central Bank of Azerbaijan. This oversight ensures that all trading activities are conducted in a fair and transparent manner.
BSE's activity is governed by several key legislative acts and documents, including the Civil Code of Azerbaijan, the Central Bank of Azerbaijan, and the internal rules of BSE. These regulations provide a clear framework for trading and help maintain market stability.
The exchange operates on a regular schedule, with trading hours typically spanning from 9:30 AM to 5:00 PM (local time, which is UTC +4 hours). However, these times may be adjusted slightly depending on the specific trading activity. The exchange is open from Monday to Friday, but is closed on Saturdays, Sundays, and public holidays declared by the government.
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