Additional issue of shares of SOEs to $185 million will be placed on the Uzbekistan Stock Exchange "Tashkent"

Almaty. January 28. Silkroadnews - In 2015, the additional issue of shares of state enterprises in Uzbekistan totaling 450 billion soums (about $185 million according to the Central Bank of Uzbekistan) will be posted on the Republican Stock Exchange "Tashkent", said the representative of the State Committee for privatization, de-monopolization and Competition Development of Uzbekistan.
Release of additional issue will be made by reducing in 203 existing enterprises the state share to 51% and the realization of this volume on the stock exchange to private and foreign investors, said a representative. In the above list, in particular, will be included oil and gas companies, metallurgy, chemical industry.
The volume of trades in RSE "Tashkent" at the end of 2014 increased by 5% compared with 2013 year - up to 97.6 billion soums. According to market participants, the main reason for the drop in shares of stock trading is still a shortage of supply of shares of large financially stable companies that are relatively higher liquidity and investment attractiveness, as the assets of such enterprises are state-owned and are not resource for the aftermarket.
$ 1 = 2436.16 soums