Banks & Finance

2024 Becomes Record-Breaking Year for Uzbekistan’s Capital Market

Published
Nigora Umarova
Nigora Umarova
International Department Journalist
Sabina Aliyeva
Sabina Aliyeva
Journalist
Investments Republican Stock Exchange Сonference Capital Market: New Opportunities for Investment
Uzbekistan’s stock exchange hits a 30-year record with $170 mln in trades and 500 thousands transactions.

The Tashkent Stock Exchange celebrates its most successful year in its 30-year history. The CEO of Tashkent Stock Exchange, George Paresishvili shares achievements of the institution for the past year.

stock exchange, conference, stock market, investment
A key driver in the surge of investments was digitalisation. Photo: Kursiv

«In the past year, we reached a trading volume of about 2 trln UZS — that’s over 170 mln USD. This is an all-time record for our exchange,» states George Paresishvili.

The institution also recorded 500 thousand transactions in 2024, following a 400% increase in 2023 compared to 2022.

One of the key drivers behind this expansion is digitalisation. «Mobile applications like Chat and GoInvest have empowered people to open brokerage accounts and trade via smartphones,» he said. This shift led to a significant increase in retail investor participation.

Last year also saw the successful attraction of foreign capital. «Our shareholder, the Korean Stock Exchange, invested 5 bln UZS — around 400 thousand dollars in direct capital. This was not equipment or technology transfer, but real cash, a classic foreign direct investment.»

Kursiv also reports that Uzbekistan has positioned itself as a top emerging market for strategic investors.

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