UzAuto Motors share price falls after former Uzavtosanoat chief returns

Shavkat Umurzakov's Uzavtosanoat shares surged to 63,586 UZS after he left the company. Since the announcement of Ulugbek Rozukulov's return to the leadership of Uzavtosanoat, the share price has fallen to 55,000 UZS. Kun.uz reported this.

Due to the appointment of Shavkat Umurzakov, who has headed Uzavtosanoat since 2018, as acting hokim of Tashkent city, Ulugbek Rozukulov, who works as Uzbekistan's ambassador to Indonesia, returned to the leadership of the organization.

It should be noted that Ulugbek Rozukulov was the head of Uzavtosanoat in 2015-2017.