Tashkent Stock Exchange Sees 17-Fold Surge in Trading Volume in H1 2025
The total trading volume on the Tashkent Republican Stock Exchange (RSE) reached UZS 12 trillion in the first half of 2025. This marks a 17-fold increase compared to the same period in 2024, according to the Exchange’s official statement.
Despite the sharp rise in turnover, the number of transactions dropped by 21.7% year-on-year, totalling 214,900 deals. Of these, 181,900 were executed with securities listed on the Exchange, while the rest took place on the organised over-the-counter (OTC) market.
Strong Growth in the Equities Market
Equity trading volume surged 14 times, reaching UZS 5.3 trillion. The total market capitalisation rose by 0.15% to UZS 242.8 trillion. As of the end of June 2025, the exchange’s listing included 134 shares from 93 issuers. The average deal size stood at UZS 30 mln.
Corporate Bonds Market Expands
The corporate bond market also posted strong growth. Trading volume rose eightfold to UZS 493.1 bn. The market value of listed corporate bonds approached UZS 1.5 trillion. By mid-2025, the Exchange hosted 17 bond issues from 10 different issuers.
Since the beginning of the year, eight new shares and five corporate bond issues have been added to the Exchange.
Kursiv Uzbekistan also reports on key steps companies should consider before listing on the stock market.
