ASTANA, Kazakhstan, November 20. The volume of trading in corporate bonds on the Kazakhstan Stock Exchange (KASE) amounted to 1.865 trillion tenge (about $4.03 billion) from January through October 2023, Trend reports.
This figure climbed by 7.6 percent as compared to the same period in 2022.
Trading volume declined by 21.2 percent in 2022 compared to the previous ten-month period (March through December).
From January to October 2023, the trading volume in all market sectors was 326.2 trillion tenge (about $714.9 billion). This statistic climbed by 52.2 percent as compared to the same period in 2022.
Kazakhstan's national currency, the tenge, was introduced on November 15, 1993. The Kazakhstan Interbank Currency Exchange was founded on November 17, 1993, to organize and strengthen the national foreign currency market, and was later renamed the Kazakhstan Stock Exchange.
Since its founding, KASE has served as Kazakhstan's sole trading platform for the stock, foreign currency, and money markets.
Kazakhstan has made the growth of its stock market a top priority.
The Kazakhstan Stock Exchange (KASE) and the Astana International Financial Center (AIX) are the country's two stock exchanges.
President Tokayev stated on September 1 that the two stock markets essentially duplicate and sometimes compete with one other, which is unnecessary for the country's financial sector. It was decided to work on potentially integrating the two exchanges under a single management in order to boost the capacity and attractiveness of the local market.