State Property Committee discusses issues of developing stock exchange

In the first quarter of 2012, the number of joint stock companies made up 1,306 units, professional participants of the stock exchange – 129 and securities market specialists – 350.

The volume of the securities increased by 11% and number of securities owners by 0.8%. Besides, they also discussed structure of turnover of securities market.

At the meeting, the participants considered issues directed at improving legal base of securities market. In particular, they discussed changes introduced to rules on issuing securities and state registration of emission of securities. They also discussed issues of improving order of concluding deals with stocks at the exchange.

It was noted that it is necessary to boost work on attracting companies to securities market, including to issuing corporate bonds. The stock exchange works on developing securities market.

It was said that it is planned to Korean Stock Exchange will supply new software to Uzbekistan Stock Exchange with the cost of US$6 million and construct new software infrastructure.

After the discussions, the board approved recommendations directed at developing the securities market.