Tashkent, Uzbekistan (UzDaily.com) – Uzbekistan Republican Stock Exchange (UZCE) has reported its activities for the first six months of 2024. Currently, UZCE has 36 banks and 6 brokerage companies as members.

Over the first half of 2024, trading volumes on the markets increased by 10.70% compared to the previous year, reaching 548.41 trillion soums, indicating increased market activity and strengthened confidence in our markets.

The market share of UZCE is as follows:

Money Market — 55.46%

Foreign Exchange Market — 39.71%

Debt Market — 4.83%

The money market of UZCE includes the interbank deposit market, where transactions for depositing/attracting funds from one day to one year are conducted, deposit auctions by the Central Bank to attract free funds from commercial banks, repo transactions, and currency swap operations.

In the first half of 2024, the total trading volume in the money market amounted to 304.16 trillion soums, which is 28.03% higher than the same period in 2023 (237.57 trillion soums).

In the interbank deposit market, transactions worth 141.77 trillion soums were concluded. Deposits with a term of up to one week accounted for 89.85% of the total market volume, or 127.38 trillion soums. Transactions with a one-day term amounted to 76.86 trillion soums, or 54.21% of the total volume.

Transactions with terms longer than one week (from 8 to 365 days) amounted to 14.38 trillion soums, or 10.15% of the total.

The volume of transactions in deposit auctions of the Central Bank during the same period was 39.16 trillion soums with a yield close to the Central Bank's main rate.

Repo transactions between dealers totaled 104.85 trillion soums, and Central Bank repo auctions (for liquidity provision) amounted to 18.10 trillion soums (with a 7-day term).

The majority of interdealer repo transactions, or 98.73% (103.51 trillion soums) of the total volume, were conducted with terms up to seven days. The total volume of transactions with terms longer than one week (14, 21, 30, 60 days) was 1.34 trillion soums, or 1.27% of the total volume.

The foreign exchange market is one of the key segments of UZCE. This market organizes trades in currency pairs USD/UZS, EUR/UZS, RUB/UZS, and CNY/UZS.

During the reporting period, the total trading volume in the foreign exchange market was 217.78 trillion soums.

The debt market saw steady demand for government securities due to attractive conditions for investors.

This market of UZCE organizes trading in bonds and obligations of the Ministry of Economy and Finance, as well as Central Bank bonds.

Overall, the total trading volume in the government securities market for the past half-year was 26.48 trillion soums.

In this period, government securities worth 18.27 trillion soums were placed on the primary market.

The auctions show positive dynamics in the placement of Ministry of Economy and Finance bonds, with trading volume for the reporting period amounting to 16.80 trillion soums, which is 12.48% higher than the same period in 2023 (14.93 trillion soums).

In the primary auctions of the first half of 2024, the weighted average yield on short-term government securities, with terms up to one year, ranged from 15.97% to 17.00%.

On the secondary market, transactions amounting to 8.21 trillion soums were concluded during the reporting period, showing a growth of 47.70% compared to the previous year's figure (5.56 trillion soums).