ASTANA, Kazakhstan, September 25. The price of KazMunayGas shares reached 21,834.44 tenge ( $39.30) on the KASE exchange trading day on September 24, Trend reports via KazMunayGas.
Since the IPO (Initial Public Offering), the value of the securities has increased more than 2.5 times, and taking into account the dividends paid, the total return for investors amounts to 177 percent.
As of September 24 of this year, the market capitalization stands at 13.3 trillion tenge ($23.94 billion). Overall, KazMunayGas's market capitalization has grown by 49 percent since the beginning of the year.
In 2022, the IPO of the largest asset in the portfolio of the "Samruk-Kazyna" fund – the national oil and gas company KazMunayGas – took place on the KASE and AIX exchanges. The offering volume amounted to 153.9 billion tenge ($277 million), with the initial share price set at 8,406 tenge ($15.13).
