As a result of the economic development positive tendencies on the Stock Exchange Market of Azerbaijan have been marked in recent years, chairman of the State Securities Committee of Azerbaijan, Gunduz Mamedov, said July 17.

During 6 months of 2006, stocks worth 125 million manats have been issued in Azerbaijan, which is 22% higher in comparison with the same period last year. According to Mamedov, the secondary market has also recorded progress. During first half of 2006, 4.355 deals totaling 40 million mantas have been concluded (growth – 16%).

This year two new types of securities appeared on the Stock Exchange Market of Azerbaijan – mortgage securities and housing certificates.