Why is this important
Global investors’ interest in Uzbekistan’s stock market serves as an indicator of confidence in the country’s economy and financial infrastructure. Purchases on the local exchange by a well-known investor increase attention to the Uzbek stock market, which remains relatively small and illiquid. At the same time, abandoning sovereign debt and relying solely on stocks demonstrates how foreign investors assess risks and growth potential.
What happened
- American investor Jim Rogers, head of Beeland Interests, announced the purchase of shares in several companies from Uzbekistan.
- According to him, the investment portfolio included shares of most issuers traded on the Tashkent Stock Exchange, which were acquired closer to the end of 2025.
Numbers and facts
- Rogers stated that he acquired most of the shares listed on the Tashkent Stock Exchange, noting that the number of such issuers is limited.
- The investor emphasized that he did not invest in Uzbekistan’s sovereign debt, but only bought shares of companies.
- Rogers reported that he did not hedge currency risks and expressed confidence in the national currency — the sum.
- In the fall, he sold all the securities of Russian companies, including shares of “Aeroflot”, “FosAgro”, AFC “System”, as well as securities of the Moscow Exchange and federal loan bonds.
- Funds from the sale of Russian assets were left in the account at the Moscow Exchange.
Context
- Rogers’ rate on Uzbek companies’ shares without currency hedging indicates market stability and potential growth expectations.
- Simultaneously withdrawing from Russian assets and maintaining its position in China demonstrates the investor’s flexible approach to regional risks and market cycle phases.
- For Uzbekistan, such investments strengthen the reputation of the stock market as an entry point for foreign capital.
