Liquidity Analysis of Exchange-Traded Instruments for September 2026

As of the end of September 2026, the liquidity of 107 financial instruments (stocks) included in the quotation list of the Republican Stock Exchange “Toshkent” was assessed. The key assessment criteria included trading volume, number of transactions, number of exchange members participating in trading, and number of trading days on which transactions were executed.

According to the analysis:

• 57 instruments (53.3%) — high liquidity;
• 9 instruments (8.4%) — medium liquidity;
• 41 instruments (38.3%) — low liquidity.

Compared to the same period of the previous year, the number of highly liquid instruments increased from 29 to 57 (+96.6%), while the number of instruments with low liquidity decreased from 90 to 41 (−54.4%). These developments indicate positive trends in market liquidity and trading activity.

In September 2026, 29 instruments achieved the highest liquidity level. By comparison, only 4 instruments reached this level in September 2025.

At the end of the reporting month, the Exchange's quotation list comprised 107 stock instruments issued by 73 companies.

By the end of September 2026, the liquidity of exchange-traded instruments had improved compared to the same period of the previous year. The nearly twofold increase in the number of highly liquid instruments, together with the declining share of instruments with low liquidity, reflects positive developments in trading activity and the overall liquidity of exchange-traded instruments.