ASTANA, Kazakhstan, March 20. The volume of trading in corporate bonds on the Kazakhstan Stock Exchange (KASE) amounted to 599.1 billion tenge (about $1.3 billion) from January through February 2024, Trend reports.
This figure increased by two times compared to the same period in 2023.
At the same time, trade volume rose by 86.4 percent in comparison to the preceding two-month period (from November through December 2023).
Meanwhile, the total trading volume across all market sectors was 66.8 trillion tenge (about $148 billion). In comparison to the same period in 2023, this statistic climbed by 41.2 percent.
Furthermore, the tenge, Kazakhstan's official currency, was launched on November 15, 1993. On November 17, 1993, the Kazakhstan Interbank Currency Exchange was established with the goal of enhancing and organizing the country's foreign exchange market. Later, it was renamed the Kazakhstan Stock Exchange.
KASE has been Kazakhstan's exclusive trading platform for the stock, currency, and money markets since its founding.
Kazakhstan has made the growth of its stock exchange a top priority.
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.