Republican Stock Exchange "Toshkent"

25 November 2024, Tashkent, Uzbekistan - Republican Stock Exchange "Toshkent" (“RSET”) today announced that its market data is now available on the Bloomberg Terminal via {OTC UZS<GO>}. Established 30 years ago, RSET is at the forefront of capital market development in Uzbekistan and enables local businesses to raise capital by issuing stocks and bonds. According to the exchange, 103 companies were listed on RSET by the end of September 2024 with total market capitalization at 21% of the country’s GDP. The number of trades executed on RSET increased five-fold in 2023 from 2022 on the back of strong demand from retail investors and increased use of mobile trading applications, and continued strong momentum in 9M 2024 by increasing another 43% year-over-year. George Paresishvili, CEO of RSET, said: “We have seen strong interest in the Uzbek market from international investors. By making our market data available to Bloomberg customers worldwide, we are putting securities traded on our exchange at the fingertips of global investors to facilitate their investments in Uzbek companies and enable them to make timely investing decisions. As part of our role in putting Uzbekistan, a new frontier market destination, on the map of global portfolio investors, RSET will continue to improve its market functionality and systems, while expanding international cooperation to support foreign investors as they invest in Uzbekistan.” David Tamburelli, Global Head of Content Acquisition at Bloomberg said: “RSET is the only exchange in Uzbekistan where stocks and local bonds of Uzbek companies are traded, and has seen significant progress in terms of transparency, corporate governance of listed companies and access for foreign investors. We support the development of the Uzbek capital markets and are excited to broaden our exchange data offering to provide this frontier market data to our customers.” RSET’s data will also be made available for use across the enterprise via Bloomberg’s Data License and real-time market data feed, B-PIPE. About Republican Stock Exchange "Toshkent": Republican Stock Exchange “Toshkent” is the only stock exchange in Uzbekistan, supervised and regulated by the The National Agency of Perspective Projects of the Republic of Uzbekistan. Established in 1994, it enables local companies to raise capital by listing their shares and bonds on the regulated market and provides electronic platform for secondary market trading via dedicated portal and mobile applications. As at the end of August 2024, there were 105 listed stocks and bonds and approximately 50,000 retail investors trading through mobile application on the Republican Stock Exchange "Toshkent".

RSE «Toshkent» at the "European Economic Days in Uzbekistan" forum. On November 6, was held the first day of the "European Economic Days in Uzbekistan" forum, organized by The Europe-Uzbekistan Association for Economic Cooperation — EUROUZ. Leading experts gathered to discuss current issues of economic cooperation between Uzbekistan and the European Union. Key topics of the first day included the state and prospects of EU-Uzbekistan relations, Uzbekistan's accession to the World Trade Organization (WTO), ongoing reforms, the role of Central Asia in the global economy, as well as opportunities for industrial and energy transformation of Uzbekistan with the participation of European companies and technologies. Chairman of the Board of the Republican Stock Exchange "Toshkent" George Paresishvili became one of the key speakers of the forum and spoke at the session dedicated to privatization and infrastructure financing, as well as partnership in the banking sector between Uzbekistan and the EU. In his speech, he noted that successful privatization and attracting private infrastructure investment in projects are the most important aspects for sustainable economic growth of Uzbekistan, and also emphasized the importance of international partnership for stimulating further development of the country's financial markets. The event brought together representatives of public and private organizations, international financial institutions and the banking community, highlighting the strategic importance of bilateral cooperation for further strengthening economic ties between Uzbekistan and the European Union.

"Summer Trading Challenge" Award Ceremony On October 22, 2024, the award ceremony for the winners of the annual trading competition "Summer Trading Challenge" was held in the building of the Republican Stock Exchange "Toshkent". The event became an important event for all stock market participants, providing an opportunity to demonstrate trading skills and exchange experiences. Following the results of the competition, 3 winners were announced who showed the best results: 1st place - Abdullaev Sherzod Alisherovich 2nd place - Kilichev Shahzod Yunusovich 3rd place - Parmankulov Abdunabi Makhamatganievich The winners received honorary diplomas, as well as cash prizes from the organizers and partners of the competition. "Summer Trading Challenge" is a unique opportunity that was created to emphasize the importance of the stock market and contribute to the development of investment culture in the country. The competition was organized by the Republican Stock Exchange "Toshkent" with the support of the technology partner - Jett.uz, as well as sponsors: Ipak Yuli Bank, JSCB Hamkorbank and Leader Finance Capital. The Republican Stock Exchange "Toshkent" expresses gratitude to all participants and partners for supporting the event and congratulates the winners on their success! #investment #trading #challenge #finance #tashkent #stockexchange #uzbekistan

On September 12, at the VI International Conference “Capital Market of Uzbekistan”, organized by Cbonds, the CEO of the Republican Stock Exchange "Toshkent" (RSE) “Toshkent” George Paresishvili spoke of current regulations and laws, outlining some of the key issues facing local market. George Paresishvili emphasized the need to create conditions for easy access of foreign investors when entering and exiting the local FX and securities markets. Therefore, certain FX and other regulations need to be simplified, along with improvements in capital market infrastructure. He also drew attention to the weakness of the corporate bond market in Uzbekistan: out of more than 100 companies listed on the RSE, only 3-4% issue bonds, while in developed countries bonds account for a much larger share of the market. George Paresishvili noted that in Uzbekistan there are companies with good revenues and stable cash-flow, which could easily issue bonds in the amount of 20-30 million dollars at 10-12% annual rate. George also emphasized that according to various estimates between $10 and $15 billion is currently kept “under the mattress”, which could be put to work by issuing USD denominated local corporate bonds. This, in his opinion, would help create new jobs and stimulate economic growth. In conclusion, George Paresishvili noted importance of implementation of international best practices for the development of the capital market in Uzbekistan. 🇺🇿 UZ ┃ https://lnkd.in/dCkNAQ9w 🇷🇺 RU ┃ https://lnkd.in/dTbD4mx3

On 10 September 2024, the CEO of Republican Stock Exchange "Toshkent" (RSE) George Paresishvili met a delegation of the Eurasian Development Bank (EDB). The purpose of the visit was to get acquainted with the capital market of Uzbekistan and explore possible ways of entering it, as well as providing funding to local companies. Saltanat Adilkhan, Executive Director, Investor Relations and Financial Institutions, Funding Department of EDB, spoke about the bank's activities and plans for Uzbekistan, highlighting the interest in cooperation with the RSE in this area. EDB’s projects include issuing and placing bonds through RSE, as well as investing in local bonds in both national and foreign currencies. She also noted that Central Asia is a priority region for the activities of EDB. George Paresishvili explained the EDB delegation current conditions and opportunities on the Uzbek capital market, as well as the required procedures for the realization of EDB’s plans. He assured the EDB of RSE’s support in this process. Both parties agreed to continue co-operation to achieve concrete results. 🇺🇿 UZ ┃ https://lnkd.in/dcKUZNa4 🇷🇺 RU ┃ https://lnkd.in/d56AKyXw

On August 27, a meeting took place between the CEO of the Republican Stock Exchange "Toshkent" George Paresishvili, and representatives of "UzAssets" JSC. The discussion focused on key issues related to the development of Uzbekistan's capital market and the critical role of good corporate governance for joint-stock companies preparing for IPOs. The meeting also covered various stages of preparing state-owned companies for IPOs, including the importance of meeting high international standards for corporate governance, transparency and financial reporting, clear dividend policy, also protecting rights of minority shareholders for attracting local and international investors and having successful IPOs. The parties reviewed strategic aspects of conducting IPOs for state-owned companies and the potential for further cooperation in this area. They highlighted importance of a comprehensive approach to ensure IPO success. 🇺🇿 UZ ┃ https://lnkd.in/dAEkFvdb 🇷🇺 RU ┃ https://lnkd.in/dTbNGbQX

Great news! Just a week after the start of the trading competition, we are happy to announce that the prize fund has been increased by 50% to 150,000,000 soum. This means that now the winners will get even more prize money! The "Toshkent" Republican Stock Exchange along with technology partner Jett.uz and sponsors Ipak Yuli Bank, Hamkor Bank and Leader Finance Capital are pleased to introduce the updated cash prizes for the participants of our competition. New Prize Fund: 1st place: 75,000,000 soum 2nd place: 45,000,000 soum 3rd place: 30,000,000 soum If you haven't had a chance to register yet, hurry up! The competition has already started and will last until 30 September 2024. To participate, please follow the link toptraders.uz 🇺🇿 UZ ┃ https://lnkd.in/dBEEEFst 🇷🇺 RU ┃ https://lnkd.in/d233QkRi

Trading Competition: Win up to 50,000,000 sum! 🇺🇿 UZ ┃ https://lnkd.in/dbDN6kQm 🇷🇺 RU ┃ https://lnkd.in/duyezJds

КОНКУРС НА ДОЛЖНОСТЬ ПЕРВОГО ЗАМЕСТИТЕЛЯ ПРЕДСЕДАТЕЛЯ ПРАВЛЕНИЯ АО РЕСПУБЛИКАНСКАЯ ФОНДОВАЯ БИРЖА «ТОШКЕНТ»    Акционерное общество Республиканская фондовая биржа «Тошкент» объявляет конкурс на должность первого заместителя председателя правления АО РФБ «Тошкент». Конкурс проводится на основе поступивших предложений по кандидатурам. Кандидаты должны обладать знаниями по рынку ценных бумаг и биржевой деятельности. Кандидатами могут выступать квалифицированные работники АО РФБ «Тошкент», имеющие как минимум трёхлетний опыт работы на руководящей должности, а также иные лица, имеющие необходимую квалификацию и опыт работы на рынке капитала, желательно в направлении биржевой деятельности и/или торговых систем. ПОДРОБНО: https://lnkd.in/d6EuCNmW

On April 19, 2024, the International Exchange Conference #ConFEAS 2024 was held in Samarkand, organized in honor of the 30th anniversary of the Republican Stock Exchange "Toshkent" (RSE) and the Uzbek Commodity Exchange (UZEX). The event, which gathered over 200 representatives of exchanges from all over the world, became a platform for important discussions and key associations in the field of finance. ConFEAS 2024 featured plenary discussions covering a wide range of topics including: financial market infrastructure architecture, capital markets trends and challenges, market regulation issues, alternative exchange instruments and technologies, financial intermediation, clearing and risk management, ESG management and investor relations. George Paresishvili, the CEO of RSE "Toshkent" spoke at the panel discussion on "Trends and Challenges of Capital Markets Development". The conference was concluded with festive events dedicated to the 30th anniversary of the Republican Stock Exchange "Toshkent" and the Uzbek Commodity Exchange. #ConFEAS2024 FEAS - Federation of Euro-Asian Stock Exchanges 🇺🇿 UZ ┃ https://lnkd.in/dYFqCDJE 🇷🇺 RU ┃ https://lnkd.in/deFR-thA