BSE's Chairperson Urges Investors To Enlarge Securities Market Activity

9/19/2024 5:20:41 AM

(MENAFN- Trend News Agency) BAKU, Azerbaijan, September 19. Chairman of the Board of Baku stock exchange CJSC (BSE) Ruslan Khalilov urged investors to increase activity in the securities market, which is crucial for the market development of the economy, Trend reports.

Addressing a press conference dedicated to the rebranding of the Baku Stock Exchange, he attributed the current weak activity to several factors.

“Among the factors are insufficient levels of financial literacy, limited access to investment instruments, and insufficient development of infrastructure in the market,” he noted.

According to Khalilov, work is being done on these problematic factors, as their persistence poses risks for the financial sector.

To note, the Baku Stock Exchange has rebranded. The changes are visible not only in the new logo of the Baku Stock Exchange, whose main values are honesty, sustainable development, and partnership, but also reflected in the initiatives of its new strategy (approved this spring), especially in relations with market participants.

“The brand update implies the intention to make the exchange's interaction with market participants and partners more transparent and reliable. These relationships, in turn, increase the Baku Stock Exchange's international competitiveness and open new opportunities in the local market,” the BSE said.

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