ASTANA, Kazakhstan, August 16. The volume of trading in government securities on the Kazakhstan Stock Exchange (KASE) amounted to 5.85 trillion tenge (about $12.1 billion) from January through June 2024, Trend reports.
This figure took a nosedive by 3.1 percent compared to the same period in 2023.
At the same time, compared to the previous seven-month period (from June through December 2023), trading volume increased by 27.4 percent.
Meanwhile, the total trading volume across all market sectors was 221.6 trillion tenge (about $461.6 billion). In comparison to the same period in 2023, this statistic climbed by 12.9 percent.
Furthermore, on November 15, 1993, Kazakhstan's national currency, the tenge, was introduced. The Kazakhstan Interbank Currency Exchange, which was later renamed the Kazakhstan Stock Exchange, was founded on November 17, 1993, to organize and strengthen the national foreign currency market.
KASE has been Kazakhstan's bread and butter trading platform for the stock, currency, and money markets since its inception, and the further growth of Kazakhstan's stock market is a top priority for the country.
Kazakhstan has two stock exchanges: 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.