RA NATIONAL ASSEMBLY TAKES ANNUAL REPORT ON 2004 ACTIVITIES OF RA
SECURITIES COMMISSION INTO CONSIDERATION

YEREVAN, MAY 26, NOYAN TAPAN. At the May 26 meeting, the RA National
Assembly took the annual report on the 2004 activities of the RA
Securities Commission into consideration. According to Commission
Chairman Eduard Muradian, in 2004, the total amount of trade at the
Stock Exchange of Armenia made 851.4 mln drams or about 1.6 mln USD. A
total of 3,289 transactions were concluded in shares only. In the year
under review, the stock capitalization of shares in transactions was
assessed at 8.6 bln drams or 17.8 mln USD against 13 bln drams in
2003. It was noted that last year the Commission conducted checks of
44 issuers, as a result of which 1,708 violations of the requirements
were revealed. Breach of the corporate management legislation
requirements was registered in all the companies checked.