BAKU, Azerbaijan, September
22. The stock market capitalization of listed
companies in Azerbaijan was announced to reach 3.65 billion manat
($2.15 billion) in the first half of 2026 during the presentation
of the “Q2 2026: Review of the Azerbaijani and Global Economy and
Capital Markets” bulletin prepared by the Baku Stock Exchange for
the second quarter of 2026, Trend’s correspondent reports from the event.
During the event, it was also announced that the first half of
this year marked an important milestone for Azerbaijan’s stock
market. During this period, the first ICT in the private sector and
the second ICT in the history of the country’s capital market were
carried out.
At the presentation, it was also revealed that the primary
market turnover totaled 51.7 million manat ($30.4 million).
“The ICT showed that private companies have started using the
capital market more actively as a source of financing. At the same
time, the market remains highly concentrated. Financial sector
companies accounted for 99% of the market capitalization of listed
companies, while eight companies accounted for around 91% of the
total market value. In the first half of 2026, secondary market
turnover amounted to 8.8 million manat ($5.2 million), while
primary market turnover stood at 51.7 million manat ($30.4
million). In June alone, secondary market turnover for
International Bank of Azerbaijan and PASHA Bank amounted to 2
million manat ($1.2 million) and 0.6 million manat ($0.35 million),
respectively,” the information said.
