Kaspi.kz has reported its market cap at $20 billion, making it the most valuable public company listed on the Kazakhstan Stock Exchange (KASE), according to the Qazaq Association of Minority Shareholders (QAMS).
The rating further highlights:
KazMunayGas: $17.1 billion; Kazatomprom: $9.9 billion; Halyk Bank: $5.1 billion; Kcell: $1.3 billion; Kazakhtelecom: $909 million.Notably, Air Astana ranked as the least valuable public company on the stock market index, with its stock valued at $550 million, according to KASE.
The combined value of 10 KASE-listed large-cap companies, including Bank CenterCredit, pipeline operator KazTransOil and the Kazakhstan Electricity Grid Operating Company (KEGOC), reached...