Investments

The Association of Financiers of Kazakhstan (AFK) has summed up the results of 2023 for the country’s stock market. In its review of the market, the AFK analyzed the performance of stock indexes, the stock value of leading Kazakhstani companies and the pool of retail investors and assets under management…

The Astana International Exchange (AIX), a trading platform within the Astana International Financial Center (AIFC), has reported its results for 2023. Over the past twelve months, the total volume of trade at the exchange has grown more than threefold from $173 million to $582 million. The stock market, in turn,…

The current shareholders of Kaspi.kz are going to sell around nine million depository receipts during an initial public offering on Nasdaq, according to a report filed to the U.S. Securities and Exchanges Commission (SEC), Bloomberg reported. By now, depository receipts issued by the fintech group are traded on the London…

Intensity Therapeutics, a U.S. company that produces drugs specifically designed to treat breast cancer, has presented the results of its latest studies that have proven 95% efficacy of the INT230-6 drug against cancer cells. As a result, the company’s stock value has risen by 2.5 times. In June 2023, Intensity…

The Turkish market of IPOs has demonstrated record-high results this year, both in terms of the number of companies that went public and the amount of funds that have been raised. In 2023, Turkish companies raised more than $2.3 billion through IPOs. In November, Borsa Istanbul conducted an opening bell-ringing…

Hedge funds that bet on short positions have lost more than $43 billion due to a market rally on the U.S. stock market in less than a week. Short sellers who shorted against companies with growing borrowing costs over at least the past twelve months have been severely hit by…

DayDayCook (DDC), a Chinese food company that went public in the middle of November, can repurchase part of its shares in order to support its share price, two people familiar with the matter told Kursiv. As of Tuesday, the stock price was 33% lower than during the initial offering. Details…

The last six months have been like a roller coaster ride for the global stock market. First, the key indexes soared close to their record highs rebounding from pessimism related to the COVID-19 pandemic, but then plunged to the levels from which they started. The modern world faces many challenges…

According to analysts of Freedom Broker, which monitors the price of Kaspi.kz global depository receipts traded on the LSE, the security’s price is going to rise by 31%. The forecast is based on a quarterly report by Kaspi.kz published earlier this week. Freedom Broker has described this report as moderately…

Kaspi.kz, the fintech company from Kazakhstan, announced that it has confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission relating to the proposed public offering of American depositary shares representing the company’s common shares by existing holders of the company’s depositary shares. «Kaspi.kz…

It’s been two months since the attack by Hindenburg Research (HR) on the stock of Freedom Holding Corp. (FRHC). On August 15, HR published its report on FRHC, where speculators accused the holding of breaching sanctions, falsification of revenue, high-risk transactions with clients’ money and manipulating the market. Timur Turlov,…

First Heartland Securities controlled by Galimzhan Yessenov, a son-in-law of Akhmedjan Essimov, former mayor of Almaty, announced that it has decided to conduct the delisting of its shares from the Kazakhstan Stock Exchange (KASE), the exchange said in a statement. This decision was made by the sole shareholder of the…

KASE index, the key stock market index in Kazakhstan, reported a 1.9% decline in May after a 6.2% surge in April. Over the past three years, this is the first time the index has decreased. According to the platform’s data, six companies on the index have shown negative results. Kazatomprom…

Clients of the United Accumulative Pension Fund (UAPF) will be able to transfer 50% of their pension savings to any investment company they want starting from July 1, 2023, according to the Ministry of Labor and Social Protection of the Population. Even though people had the right to use their…

The government of Kazakhstan is going to extend the amount of fixed capital investments (FCI) to $41.5 billion in 2023. Last year, this rate was only about $3.1 billion, according to Prime Minister Alikhan Smailov, who chaired the meeting of an inter-agency board on investments. As National Economy Minister Alibek…

In March, the Astana International Exchange (AIX) reported 638,200 accounts, a 3.8fold increase over the same period last year. Individuals from Kazakhstan account for the vast majority of these accounts. As of the end of March, there were 636,300 such accounts. The number of foreign citizens who have decided to…

According to the London Stock Exchange (LSE), the value of Kaspi.kz shares rose by 3.1% to $73.40 on Monday, thanks to the news about dividend payouts. On April 17, the fintech company notified KASE that its shareholders decided to pay $1.33 per common share as dividends for the year 2022.…

Analysts from Freedom Broker have improved their recommendation for KazMunayGas shares from «wait» to «buy,» according to a daily report by Freedom Broker. The target price for the shares remains at $24.24 per share, although the market value of the stock declined by 0.1% to $22.73 on Monday and by…

In March, the number of brokerage accounts in Kazakhstan rose by 23.4% since the beginning of the year and reached 1.19 million, according to the Central Securities Depository (KCSD). As the KCSD reported, there are 680,000 sub-accounts and 508,000 brokerage accounts registered through omnibus accounts in the country. This year,…

Kaspi.kz, a Kazakhstani fintech company, is launching a four-month buyback program. Kaspi has allocated $100 million to buy its global depository receipts (GDR) in the broad market, according to the Kazakhstan Stock Exchange (KASE). During three previous buyback programs, the company bought GDR for $180 million. Kaspi.kz will buy GDR…

As of March 2, 2023, the exchange rate of the tenge against the U.S. dollar grew by 6.1 tenge and reached 435.5 tenge per dollar, which is a nine-month record. According to experts, there are several reasons for this increase. Dollar sale-off Kazakhstan’s National Bank data shows that the regulator…

In January 2023, the aggravated number of client accounts on Astana International Exchange (AIX) reached 551,100, which is a threefold increase over the year before, according to the trading platform’s data. Accounts of individuals from Kazakhstan account for the vast majority of these accounts (99.7% or 549,400 accounts in general).…

The KASE index, which includes nine companies, rose by 1.2% to 3,338.9 points in February, according to Kazakhstan Stock Exchange (KASE). The key index in Kazakhstan has demonstrated a positive dynamic over three months in a row thanks to five stocks in the index. Best-performing growth stocks The leader of…

In January 2023, the KASE index grew by 1.5% and reached 3,299.91 points. In December 2022, this rate showed a 6.1% growth, according to the Kazakhstan Stock Exchange (KASE). Five stocks of the index reported positive results in January. Stocks with gains Kazatomprom’s stock showed the best result in January…