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FEAS MARCH GRF26138.Fh11 FEDERATION OF EURO ASIAN STOCK EXCHANGES MARCH 2012 Address I .M.K.B EMIRGAN 34467 ISTANBUL TURKEY Tel 90-212-298 2160 Fax 90-212 298 2209 E-mail [email protected] www.feas.org March News Items stock data. In 2003, after HEX merged with Swedish OM AB, Mr. Bergström was appointed as the Director BBVB of New Markets, the position he holds now at NASDAQ OMX. -BBVB and the Central Bank of Azerbaijan CBA signs the contract on connection of BBVB to bank system Temenos T24. Please visit http://www.bbvb.org -Since 2009 Byblos Bank Armenia, being market participant, participated in foreign currency market of the Exchange, lateron in 2010 the Bank joined credit resources market of NASDAQ OMX Armenia. BUCHAREST SE From now on Byblos Bank Armenia, as a member of NASDAQ OMX Armenia, will operate on all - Bucharest Stock Exchange (BVB) ends 2011 with a turnover of RON 21.73 million, with the markets of the Exchange. a growth of 66.4% As of today overall 32 banks and investment companies are members and market participants at - The net profit of BVB for 2011 increased compared to 2010 by 197% up to RON 16.96 million1 NASDAQ OMX Armenia, of which 26 are members, while the rest 6 are market participants. - The operating result was 21 times higher than the one obtained in 2010 Please visit http://www.nasdaqomx.am Preliminary financial figures of the Bucharest Stock Exchange (BVB) are showing compared to 2010 a significant increase in the sales revenues, operating results and financial results. The PALESTINE EXCHANGE growing trading activity in almost all segments managed by BVB had the greatest influence on the -The stock market that has most consistently ranked as a top performer in the Arab world over the past 2011 operating result. Dividends for the years 2007 and 2010 from the Central Depository had an few years has not been that of Dubai or Cairo, but the Palestine Securities Exchange in Nablus on the important impact on the financial result. West Bank. During the Arab Spring uprising last year, the financial crisis in 2008 and the regional boom The sales revenues in 2011 increased by 66.4% up to RON 21.73 million (2010: RON 13.06 million), year of 2005, the exchange outperformed most regional rivals as listed Palestinian companies reported increase achieved due to higher revenues from the trading activity, the registration of new participants, hefty profits in spite of ongoing politicaAnalysts say investor interest in public Palestinian companies admission and maintenance to trading fees of the issuers and data vending. has grown over the past two years, with many new listings on the exchange at a time when initial public The operating expenses of RON 15.35 million (2010: RON 12.90 million) registered a smaller offerings have remained at a standstill elsewhere in the Middle East. New venture capital funds are increase compared to the growth rate of the operating income. Decreases were obtained in investing in companies in Palestinian territories that have turned profits despite the challenges of their functioning and base personnel costs and increases were recorded in marketingactivities costs, operating environment. costs from other taxes and third party services. Other elements which influenced the increase of “Palestine is so far off the beaten track,” Mr. Swats added, “that you can discover hidden gems, operating expenses were the year end provisions for the restructuring of the Board of Governors which could mean big returns for investors.” (BoG) and the costs generated by the restructuring of the General Manger – non-recurring expenses. Please visit http://www.nytimes.com for more information. The operating result was 21 times higher than the one obtained in 2010, up to RON 6.39 million (2010: RON 0.3 million). In Q4.2011 the operating activities generated a loss of RON 0.39 million, -Ahmad Aweidah, Chief Executive Officer of the Palestine Exchange announced the listing and trading compared to an operating loss of RON 1.8 million for the same period in 2010. date of the PSE on the fourth of April 2012. The listing ceremony will be held in Ramallah on the fifteenth Based on higher operating and financial profit, the 2011 net result increased compared to 2010 trading anniversary of the Palestine Exchange. The PSE listing is the first in 2012; the number of listed by 197% up to RON 16.96 million (2010: RON 5.71 million). companies will rise to 47 with a market capitalization of about 2.9 billion USD. The 2011 operating margin increased to 29.4%, while ROE (return on equity) was 16.6%. Aweidah confirmed that the PSE listing is in accordance with the securities law applicable in For more information, please access the 2011 Preliminary Financial Report, available here. Palestine and the Palestine Capital Market Authority's regulations. He added: "this listing is in 1 The financial data have not been audited and represent the individual results of Bucharest Stock Exchange, compliance with good corporate governance practices, including the restructuring of PSE shareholders' drawn up according to the Romanian Accounting Standards (RAS); the financial indicators are expressed structure by expanding it. It will also contribute in million RON and they are rounded off to the nearest integer, resulting in small reconciliation differences. to attaining proper price discovery of the stock". Please visit http://www.mondovisione.com Aweidah noted the importance of this listing; "the PSE will be a model for other public shareholding companies" he said. Aweidah indicated that the PSE transformed into a public shareholding company NASDAQ OMX ARMENIA in 2010, it is the second Arab stock exchange to be publicly traded after Dubai Financial Market -Henri Bergström holds the position of the Director of New Markets at NASDAQ OMX, leading and the only Arab exchange that is fully owned by the private sector. company’s initiatives aimed at identifying and acting upon growth opportunities from Eastern Europe Please go to http://www,pex.ps for more information. and Central Asia. One of the projects he led was the acquisition by NASDAQ OMX of stock exchanges and central depositories in the Baltic countries followed by their integration and creation of joint Baltic market and joint offering. International Calendar of Events After more than a decade’s experience in the industry, in 1991, Mr. Bergström started his career in the financial sector as the Deputy CEO of the Finnish Central Securities Depository, which later merged with the Helsinki Stock Exchange. In 2001 he joined HEX as Head of Issuer Information Services, a unit APRIL 2012 responsible for providing information and services to listed companies based on depository, registry and 4-8 5th Tashkent International Investment Financial Forum, Toshkent, Uzbekistan STATISTICAL COMPARISON 2008 THRU YTD 2012 / FEAS REGION YTD 2012 % Change over % Change over 20082009 2010 2011 YTD 2012 % Change over % Change over Category 2011 2010 2009 2008 # Companies Traded 11,298 10,261 10,504 9,716 9,848 1.4% -6.2% -4.0% -12.8% Market Capitalization (US$ Millions) 559,951.0 756,336.7 866,664.0 693,072.1 793,452.2 14.5% -8.4% 4.9% 41.7% Total Volume (US$ Millions-Stocks) 562,159.6 480,548.1 528,779.2 496,631.1 66,788.6 -86.6% -87.4% -86.1% -88.1% Total Volume (# Shares Millions-Stocks) 452,445.8 643,070.6 666,820.0 848,330.7 99,071.9 -88.3% -85.1% -84.6% -78.1% Average Daily Volume (US$ Millions-Stocks) 2,269.1 1,921.8 2,126.6 1,978.1 1,567.0 -20.8% -26.3% -18.5% -30.9% Average Daily Volume (# Shares Millions-Stocks) 2,306.7 3,196.3 2,741.7 3,555.3 2,461.6 -30.8% -10.2% -23.0% 6.7% Total Volume (US$ Millions-Bonds) 453,592.0 330,879.4 337,498.9 317,633.5 38,023.7 -88.0% -88.7% -88.5% -91.6% Total Volume (# Shares Millions-Bonds) 222,225.0 131,256.0 194,525.4 564,840.4 37,249.4 -93.4% -80.9% -71.6% -83.2% Average Daily Volume (US$ Millions-Bonds) 1,819.7 1,319.1 1,360.7 1,260.3 895.2 -29.0% -34.2% -32.1% -50.8% Average Daily Volume (# Millions-Bonds) 892.6 527.3 801.1 2,286.7 910.1 -60.2% 13.6% 72.6% 2.0% Total Volume (US$ Millions-Other) 2,284,445.1 2,075,692.5 2,715,695.7 2,385,919.7 713,558.3 -70.1% -73.7% -65.6% -68.8% Total Volume (# Millions-Other) 4,142.5 8,454.4 6,334.6 3,952.4 269.3 -93.2% -95.7% -96.8% -93.5% Average Daily Volume (US$ Millions-Other) 9,146.2 8,247.4 10,986.1 9,451.9 16,617.4 75.8% 51.3% 101.5% 81.7% Average Daily Volume (# Millions-Other) 17.23 34.09 25.81 16.40 6.85 -58.2% -73.4% -79.9% -60.2% 1.The Dow Jones FEAS IndexesSM are calculated, distributed and marketed by Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC, pursuant to an agreement with the Federation of Euro-Asian Stock Exchanges. “FEAS” is a service mark of the Federation of Euro-Asian Stock Exchanges. “Dow Jones®”, “Dow Jones Indexes” and “Dow Jones FEAS IndexesSM” are service marks of Dow Jones Trademark Holdings, LLC. “CME” is a trademark of Chicago Mercantile Exchange Inc.
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