Kazakh investors can now buy shares in major American companies such as Amazon and Google for as little as $1, thanks to a new feature rolled out in the Tabys app by the Astana International Exchange (AIX), according to the Kazakhstan Association of Minority Shareholders (QAMS).
The Tabys app, in its Pro mode, has launched fractional trading of U.S. stocks listed on the NASDAQ and New York Stock Exchange (NYSE). This means users can purchase a portion of a share based on the amount they invest. For example, if a stock is priced at $200, an investor can buy 0.5% of it for $1.
QAMS noted that previously, many Kazakhstanis were unable to invest in high-priced U.S. tech stocks due to the cost per share. For reference:
- Amazon: $214.70.
- Google (Alphabet): $189.90.
- Apple: $202.00.
Additionally, transaction fees made small-scale investing impractical for many individuals.
With this update, Tabys becomes the first Kazakhstan-based investment platform to offer fractional trading of U.S. securities, functionality previously available only through major international brokerages.
QAMS also highlighted that in 2024, AIX joined the Tabadul platform, an inter-exchange trading hub connecting AIX with the Abu Dhabi Securities Exchange. The partnership has enabled Kazakh investors to begin purchasing shares of companies listed on stock exchanges in the United Arab Emirates.
