Tashkent

Stock Exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...

is the major securities trading platform and the only corporate securities exchange in

Uzbekistan Uzbekistan (, ; uz, Ozbekiston, italic=yes / , ; russian: Узбекистан), officially the Republic of Uzbekistan ( uz, Ozbekiston Respublikasi, italic=yes / ; russian: Республика Узбекистан), is a doubly landlocked cou ...

. It was founded by government in 1994 as an open joint stock company, located in the capital of Uzbekistan -

Tashkent Tashkent (, uz, Toshkent, Тошкент/, ) (from russian: Ташкент), or Toshkent (; ), also historically known as Chach is the capital and largest city of Uzbekistan. It is the most populous city in Central Asia, with a population of ...

Overview

It has a license for the exchange activity given by State committee of competition and regulated under the Laws of Uzbekistan on exchanges (1992), on joint stock companies (1996), on securities market(2008)as well as a number of under-law legal acts of government and securities commission. According to presidential decree dated March 19, 2012

Korea Exchange Korea Exchange (KRX) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul. History The Korea Exchange was created through the integration of Ko ...

(KRX) is expected to become a shareholder of Tashkent RSE in 2014 by acquiring 25 percent in the equity capital. Meantime, shareholders of RSE are local largest commercial banks and state. Historically, securities market of

formed due to massive privatization in 1990s of state owned enterprises after collapse of Soviet Union and gaining independence from Moscow. Unlike

Russian Federation Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...

Uzbek government The Republic of Uzbekistan is a presidential constitutional republic, whereby the President of Uzbekistan is head of state. Executive power is exercised by the government and by the Prime Minister of Uzbekistan. Legislative power is vested in ...

gradually privatized SOE, first reorganized them into joint stock companies and then sold only part of shares in equity capital through stock exchange. As a result, there are no extremely wealthy business magnates so called "oligarchs" in Uzbekistan, while number of shareholders exceeds 1.2 million. Nowadays, state keeps controlling shareholder power at few major industrial enterprises of the country.Infos at www.uzse.uz
/ref> The Tashkent Stock Exchange is a member of the

Federation of Euro-Asian Stock Exchanges The Federation of Euro-Asian Stock Exchanges (FEAS) is a non-profit international organization comprising the main stock exchanges in Eastern Europe, the Middle East, and Central Asia. The purpose of the Federation is to contribute to the cooperat ...

References

{{Reflist Stock exchanges in Asia Economy of Tashkent