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Volume of trading at Kazakhstan Stock Exchange decreases

Business Materials 18 May 2018 17:15 (UTC +04:00)

Baku, Azerbaijan, May 18

By Ali Mustafayev - Trend:

The volume of trading at the Kazakh Stock Exchange (KASE) in April 2018 amounted to 9.9 trillion tenge, which is 30.9 percent less than the same indicator of 2017 (14.4 trillion tenge), finprom.kz reported.

The main factor of the decline in trading volumes was a decrease in the money market by 37.5 percent (from 13.4 trillion to 8.4 trillion tenge).

The volume of sales and purchase transactions also decreased on the securities market, which led to a fall in volumes by 18.3 percent (22.1 billion tenge).

The growth was observed only in the foreign exchange market. The volume of foreign currency trading in April 2018 approached to the indicators of December 2015, amounting to 1.45 trillion tenge due to the volatility of the US dollar rate and the sharp inflow of liquidity to the spot.

However, trading volumes at KASE are declining for the third month in a row. From January to April 2018, trading volumes decreased by 20 percent (2.5 trillion tenge).

Most of the Kazakh experts stress the necessity of attraction of liquidity to different sectors of KASE, in order to fully revitalize the stock market. Presently, many large Kazakh companies prefer foreign markets (mainly the London Stock Exchange), due to the lack of prospects for a high level of capitalization in the Kazakh market.

KASE index as of May 17 amounted to 2,514.87 points with a total capitalization of 4.9 trillion tenge.

Exchange rate for 18 May, 2018: $1 – 327 tenge

Follow the author on Twitter: @Ali_Mustafayev

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