ENHANCING FINANCIAL MARKET STABILITY THROUGH THE DEVELOPMENT OF INSTITUTIONAL INVESTORS IN UZBEKISTAN

This article analyzes the role of institutional investors in strengthening financial market stability in Uzbekistan. Institutional investors such as pension funds, insurance companies, investment funds, and commercial banks play an important role in capital market development, risk diversification, and long-term investment financing. The study examines the theoretical foundations of institutional investors, evaluates the current condition of institutional investors in Uzbekistan, and identifies the main challenges limiting their development. In addition, the article proposes several policy recommendations aimed at increasing the participation of institutional investors in the financial market. Strengthening institutional investors will contribute to improving market liquidity, increasing investment activity, and ensuring sustainable financial stability in Uzbekistan.