An overview of Uzbekistan's capital market for the first half of 2025. The report covers key activity on the Tashkent Stock Exchange: 181,905 transactions were executed with a total trading volume of 5.8 trillion UZS — a 13-fold increase compared to the same period in 2024. The banking sector dominated both in transaction volume and number of deals, with Mikrokreditbank, Agrobank, and Xalq Banki leading the rankings. Essential reading for investors and financial market participants tracking Uzbekistan's securities market.