KASE reports a 20.8% increase in stock market capitalization

Stock market capitalization of the Kazakhstan Stock Exchange (KASE) has grown by 20.8% over the past three months, according to a report from the platform.

The aggregate value of the stocks increased by $11.7 billion, reaching $67.9 billion. From January to June 2024, the KASE index rose by 23%, reaching 5,151.81 points.

Meanwhile, the volume of traded corporate debt increased by 4.3% to $29.6 billion. Since the beginning of the year, stocks from fifteen new issuers have been listed on KASE: one in the stock sector, one in the KASE Global sector and thirteen in the corporate bonds sector.

As of July 1, there were 252 stocks on the exchange’s trading list. The aggregate trading volume on KASE reached $393.8 billion, marking an 18.7% increase ($61.8 billion) compared to the same period last year.

According to Alina Aldambergen, head of KASE, no initial public offerings (IPOs) are expected this year. However, under the national privatization plan, Kazakhstan Railways and QazaqGaz are expected to go public by 2025.