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Markets 10/11/2008 UzSE goes upwards on 6 November
UzSE goes upwards on 6 November
Tashkent, Uzbekistan (UzDaily.com) -- On 6 November, trading day at the Uzbekistan Stock Exchange “Tashkent” (UzSE) began with price growth, common stocks of Kashkadaryo parmlash ishlari (51% is owned by JSC Uzgeoburneftegaz (“Uzbek geology, drilling of oil and gas”) rose by 20.78%. The largest turnover, according to the results of the day, belongs to the stocks of this issuer; its total turnover exceeded US$84,000.

According to the opinion of Essential Investments analysts, this growth, probably, is related with the acquisition of significant share of authorized capital of this issuer. Investor purchased 2,270 common stocks, or 1.08% of authorized capital of the company.

Not only securities of Kashladaryo parmlash ishlari showed growth on Thursday. Stocks of banks also went up, and securities of investment fund Kamalak IF remained unchanged. Banking securities grew 5% on average. In particular, preferred stocks of Galla Bank rose by 9.82%, and common stocks of Hamkorbank by 0.77%.

About 0.53% of Toytepa metal kurilmalari (Metalik constructions of Toytepa region) was purchased at secondary market for foreign currency. The deal price was US$14.40 a stock. Taking into account the day’s quotes capitalization of the issuer made US$777,600. This year deals on stocks of this issuer were held more actively compared to the previous year. In particular, during the whole 2007 only 304 common stocks (or 0.56% of authorized capital) were acquired at UzSE. This year investors purchased 61,500. Total turnover on stocks of Toytepa metal kurilmalari made US$4,000. As a result the share of mineral resource industry was 4.43% of total trade turnover. Stock turnover of banking sector made almost 3% of total trade turnover of the day.

In general, it can be said that the UzSE went upwards on 6 November. Trade turnover made almost US$100,000. Securities of seven issuers were traded. Price fluctuations on securities showed positive changes, though there was some insignificant falls.

Source: Essential Investments

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