Mon, 27 October
10.1 C
Yerevan
USD: 383.05 RUB: 4.73 EUR: 444.80 GEL: 141.19 GBP: 510.03

NASDAQ OMX Armenia stock exchange expects transactions with bonds and shares to double this year

YEREVAN, May 26. / ARKA /. NASDAQ OMX Armenia stock exchange director Konstantin Saroyan told a news conference today that he expects the value of bonds and shares traded on the exchange to double this year.

He said his forecast is based on an increasing activity at the market, including transactions with corporate bonds.

He said the value of traded bonds and shares in the first five months of this year has exceeded 1.7 billion drams. He compared this number with 2 billion drams worth turnover in 2013. He said the value of shares traded in the first five months is 1.4 billion drams, while this figure for last year was only 1.5 billion drams.

“With these trends we can predict that the rate of turnover in 2014 will double compared with 2013”, he said.

He also said the return from contributions to private pension funds is 9-10 percent. The pension funds are managed by two companies – AMUNDI-ACBA ASSET MANAGEMENT and C-QUADRAT AMPEGA ASSET MANAGEMENT.

“The pension funds are placing the funds in deposits, government bonds, and most recently in foreign funds and bonds,” said Saroyan. According to him, all the activities of the funds are under tight monitoring. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img