No transactions effected at NASDAQ OMX Armenia stock exchange

01.12.2011 22:20
No transactions effected at NASDAQ OMX Armenia stock exchange

YEREVAN, December 1. /ARKA/. No transactions in USD and Euros were effected today at NASDAQ OMX Armenia stock exchange, according to data provided to ARKA news agency. Asked by ARKA to comment on the reluctance of players to buy or sell foreign currency the executive director of Renesa investment company, Vaghinak Saroyan, explained it by the refusal of players to make mutual concessions.

"After yesterday trading when the USD was traded at 381 drams, the players were willing to buy the dollar at this price, but the sellers raised the rate to 381.5 drams," he said.

Saroyan also added that the depreciation of the greenback’s exchange rate at the end of November was a natural process that leads to rise of the rate in early December and therefore the supply of dollars at the stock exchange was higher than yesterday.

The latest transaction in foreign currency at the stock exchange was registered on 30th of November, when USD traded at 381 drams for $ 1. At the same time, the Central Bank of Armenia raised on December 1 the average rate of U.S. dollar against the Armenian dram by 0.06 points as compared with November 30 setting it at 381.06 drams.  -0-


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