NAPP may create a platform for trading foreign shares

“We clearly see a trend that citizens want to invest in shares of foreign companies. Unfortunately, there are many cases of fraud in this area, when our citizens transfer money to unknown platforms and become victims of scammers. Therefore, we are talking about the need to create a platform on our stock exchange where shares of foreign companies will be traded,” Pak said in an interview with the YouTube channel Alter Ego.

The deputy director of NAPP said that Uzbekistan will focus on a similar site in Kazakhstan. He believes that it is possible to determine a list of companies whose securities will be allowed to trade on the site.

He also noted that in the absence of legal ways to purchase foreign shares, the population can use “gray” schemes and become victims of scammers.

In the first quarter of this year, trading volume on the Tashkent Republican Stock Exchange decreased by more than 10 times. In the first quarter of this year, 133.6 thousand transactions were concluded on the stock market, which is 2.78 times more compared to the same period in 2023. However, the trading volume decreased significantly and amounted to 171.9 billion UZS.