ASTANA, Kazakhstan, October 11. The volume of trading in shares on the Kazakhstan Stock Exchange (KASE) amounted to 256.6 billion tenge (about $538.6 million) from January through September 2023, Trend reports.
This figure is 3.1 times higher than the same period in 2022.
Compared to the previous nine-month period (from April through December) in 2022, trading volume decreased by 8 percent.
The volume of trading in shares on the Kazakhstan Stock Exchange (KASE) amounted to 256.6 billion tenge (about $538.6 million) from January through September 2023, which is 3.1 times more than the same period in 2022.
On November 15, 1993, the national currency, the tenge, was introduced in Kazakhstan. On November 17, 1993, the Kazakhstan Interbank Currency Exchange was created to organize and develop the national foreign exchange market, which a few years later was renamed the Kazakhstan Stock Exchange.
Since its creation, KASE has been the only trading platform in Kazakhstan serving the stock, foreign exchange, and money markets.
Kazakhstan is looking to develop its stock market, making this a priority. There are two stock exchanges in Kazakhstan: the Kazakhstan Stock Exchange (KASE) and the Astana International Financial Center (AIX).
On September 1, President Tokayev said that the two stock exchanges largely duplicate each other and sometimes even compete with each other, which is redundant for the country's financial system. In order to increase the capacity and attractiveness of the domestic market, it was decided to work on potentially combining the two exchanges into a single management.
