ECONOMY
VOLUME OF TRADES AT BICEX FOR SIX MONTHS EXCEEDS USD 500 MILLION
According to BICEX’s PR office, International Bank of Azerbaijan, commercial banks “Amrahbank”, “Technika Bank”, “Azerigazbank” and “Kochbank-Azerbaijan” have become leaders of the currency market depending on their share of closed deals in the total volume of trades.
In total, 27 banks participated in the trades for US dollar for June 2004. For the last month, 21 trade sessions were conducted and 223 deals were closed. The volume of dollar trades has totaled 527 billion 781 million manats or USD 107 million 587 thousand. It is 16 percent higher than previous month.
USD 96 million 825 thousand or 90 percent out of the total volume of June deals falls to the share of the BEST. The volume of deals on RUR and EURO in the BEST has totaled 402 million manats in June.
in total, the total volume of trades at Bicex totaled 2 trillion 600 billion 278 millon manats which corresponds 530 million in terms of US dollars. In comparison with the first half 2003, volume indexes increased 6,1-fold.
The national currency exchange rate tended to strengthen in June at BICEX. The weighted rate of AZM against USD made up 4905,62 in June against 4913,97 of May.