Kazakh Stock Exchange to re-invest revenues into its development
Baku, Azerbaijan, May 31
By Nargiz Sadikhova - Trend:
As at the end of 2018 the value Kazakhstan Stock Exchange (KASE) increased by five times compared to 2017 and amounted to 51.6 billion tenge, Trend reports via consolidated financial statement of KASE.
During the reporting period the value of KASE’s total revenue amounted to 3.1 billion tenge, which is an increase of 22.2 percent compared to the same period of 2017 (+559.3 million tenge).
This increase is due to the revenues from services and comissions, which amounted to 2.4 billion tenge with an increase of 21.7 percent (+421.3 million tenge), as well as the interest revenues that have increased by 21.2 percent (+117.4 million tenge).
As at the end of 2018 the volume of net profit of KASE equaled 965.3 million tenge, which is 21.8 percent more than last year.
Furthermore, general assembly of shareholders decided to spend the net profit on development of KASE.
Since October 2018 KASE exercises the functions of the central counterparty on the foreign currencies stock market.
Kazakhstan Stock Exchange is the leading stock of the Central Asia region, which operates on the financial market.
This is a universal trading platform for repo market instruments, foreign currencies, public and corporate securities, bonds of international financial institutions, as well as for derivative instruments.
(1USD = 380.78 KTZ on May 31)
Follow the author on twitter: @nargiz_sadikh