UzSE develops new index TCI Composite

Deputy director-general of the Center for coordination and control over functioning of securities market under the State Property Committee of Uzbekistan Askar Abidov said that all stock exchanges in the world use indexes, which help to rate market situation and follow trends in the market.

Pravda Vostoka reported that new index is named TCI Composite. It is determined based on the price of deal with shares of companies, included to official list of UzSE and is aggregate index, characterizing change of securities market condition in Uzbekistan.

TCI Composite is also calculated on the capitalization of the companies, included to official listing. The index reflects situation in the market and acts as tool for forecasting trends in the market and serve as assistant for investors.

Introduction of the TCI Composite index will improve system of rating securities market and improve financial sustainability and liquidity of the companies in line with international standards. The index will be introduced in early 2012.