KASE Expects Capitalization Of Stock Market To Rise To 15.7 Trillion Tenge In 2018
The Board of Directors of the Kazakhstan Stock Exchange (KASE) approved the development strategy for 2016-2018 that provides for an increase of the market capitalization by 19.2% from 13.17 trillion tenge to 15 7 trillion tenge by the end of 2018.
The measures stipulated in the strategy may increase the number of traders by at least 30%.
In 2016-2018, KASE plans to admit 170 corporate securities to the official list. Currently, the number of issuers on the KASE Listing is 158.
“KASE plans to expand the number of the stock market participants through admission of Kazakh brokerage organizations and their clients and foreign banks, especially from the EEU countries,” KASE said.
KASE was organized in 1993 on the initiative of Kazakhstan’s National Bank and 23 largest private banks. KASE is the only stock exchange in Kazakhstan. KASE trades in REPO, foreign currencies, government and non-government securities issued by Kazakh and foreign organizations, notes of international financial organizations.