NO SENSE IN IMPLEMENTING NEW FINANCIAL TOOLS IN ARMENIA

/PanARMENIAN.Net/
23.11.2009 14:42 GMT+04:00

/PanARMENIAN.Net/ There’s no sense in implementing new financial
tools in Armenia, according to Aram Kayfajyan, Director General of
Armenbrok Investment Brokerage and Consulting Company

"The republic doesn’t need such complicated instruments as hedging or
futures at this point of time," Mr. Kayfajyan told a PanARMENIAN.Net
reporter. "The work with stocks and bonds, as more available financial
instruments, should be intensified."

He also informed that no new emission is planned on Armenia’s equity
market till the yearend.

Armenbrok OJSC is Armenia based leading investment brokerage and
consulting company, providing its customers with full range of
financial and investment services in the Armenian financial market.

Since its establishment in 1995, Armenbrok has put its best efforts
to open as many doors as possible to individual and institutional
investors and companies so that it would be in their best interest
to invest in securities of reputable Armenian companies. In the
securities brokerage in Armenia, Armenbrok has reached one of the
leading positions, providing its customers opportunities to invest
in liquid Armenian stocks.