The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published a statistical update on Kazakhstan’s securities market for 2024 and as of 1 January 2025, reporting that equity market capitalisation on the Kazakhstan Stock Exchange (KASE) increased 23% to KZT 32.9 trillion and the KASE Index rose 33.2% to 5,578.10 points. Equity trading volume declined 10.6% to KZT 298.2 billion, reflecting a 17.4% fall in secondary-market turnover. As of 1 January 2025, KASE trade lists included 99 share issues from 84 issuers, and the largest capitalisation gains in 2024 were recorded in Bank CenterCredit (+123.8%), Kcell (+75.6%) and Halyk Bank (+56.7%). The KASE Global sector comprised 47 share names, 13 ETFs and 56 foreign issuers, with turnover up 27.5% to KZT 46.6 billion. Outstanding corporate debt traded on KASE rose 1.6% to KZT 13.7 trillion and corporate bond trading volume increased 98.7% to KZT 4.3 trillion, driven by primary placements of 123 issues by 59 issuers totalling KZT 3.5 trillion; 194 bond issues from 75 issuers were added to the official list (including 29 new issuers) and 95 issues were delisted. Outstanding government debt traded on KASE grew 13.2% to KZT 27.0 trillion, while total trading in government securities edged down 0.8% to KZT 8.0 trillion and primary-market turnover rose 15.5% to KZT 6.0 trillion, including KZT 462.1 billion raised by regional and city administrations and KZT 5.6 trillion raised by the Ministry of Finance at weighted average yields of 10.74%–13.50%. In collective investments, 58 unit investment funds were operating (24 interval, 33 closed and one open) and assets under management increased 22.2% to KZT 351.7 billion. The institutional structure comprised 40 brokers and dealers, 11 custodian banks, 21 investment portfolio managers and three infrastructure organisations (KASE, KASE Clearing Centre and the Central Securities Depository, which also performs unified registrar and trade repository functions); the Central Securities Depository’s nominal holding accounts rose 43.2% to 3.501 million. Securities market professional participants reported assets of KZT 769.5 billion, liabilities of KZT 241.1 billion, equity of KZT 528.3 billion and aggregate profit of KZT 177.4 billion in 2024 (2023: KZT 27.9 billion).
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-02-07
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reports 23% rise in Kazakhstan Stock Exchange equity market capitalisation and 98.7% jump in corporate bond trading in 2024
The Agency for Regulation and Development of the Financial Market of Kazakhstan reported a 23% increase in equity market capitalisation on the Kazakhstan Stock Exchange (KASE) to KZT 32.9 trillion in 2024, with the KASE Index rising 33.2% to 5,578.10 points. Despite a 10.6% decline in equity trading volume, corporate bond trading volume surged 98.7% to KZT 4.3 trillion. Outstanding government debt on KASE grew 13.2% to KZT 27.0 trillion, while assets under management in unit investment funds increased 22.2% to KZT 351.7 billion.