Investments

Uzbekistan Stock Market Posts Mixed Results Amid Index Dip

While Uzbektelecom and Ipak Yuli Bank led the gains, Kokand Mechanical Plant and Biokimyo shares saw sharp declines on the Tashkent exchange
Photo: Nick Chong / Unsplash

The majority of highly liquid stocks on the Republican Stock Exchange (RSE) «Toshkent» showed mixed performance from July 28 to August 1, as the Uzbekistan Composite Index (UCI) slipped by 0.7%.

Several stocks posted modest gains, while others saw sharp declines.

Uzbektelecom shares led the gains with a 3.82% increase, followed by Uzbek Republican Commodity Exchange (UzRCE) at +3.32% and Ipak Yuli Bank at +3.11%.

However, Kokand Mechanical Plant shares recorded the steepest decline of the week, falling 12.71%. Biokimyo JSC dropped 11.10%, while Uzbekneftegaz lost 6.57%.

Common shares of Ipoteka Bank and preferred shares of Hamkorbank remained unchanged during the week.

By number of transactions, the leaders were UzRCE (506 trades), Kyzylkumcement (324), and Aloqabank (322).

In terms of trading volume, Aloqabank led with 46.02 bn UZS, followed by Elektrkishlokkurilish with 999.25 mln UZS and Vzrivprom JSC with 528.07 mln UZS.

Among the most liquid stocks, 14 ended the week in the green, two remained unchanged, and seven closed lower.
The total trading volume on the main platform reached 66.04 bn UZS.

Kursiv Uzbekistan reports that OPEC and its allies have agreed in principle to a substantial increase in oil production for September.