Performance indicators
2024: Trading volume doubled to $1.3 billion
Trading volume on Astana International Exchange (AIX) increased 2.2 times and reached $1.3 billion in 2024. TAdviser got acquainted with such data on the exchange in January 2025.
In 2024, stock trading amounted to 38% of the total ($495 million). The leaders in terms of trading were the gold mining company Solidcore Resources (52%), the air carrier Air Astana (19%) and the uranium mining company Kazatomprom (9%). These three issuers formed the bulk of stock transactions on the exchange.
In 2024, the number of accounts of retail investors from Kazakhstan increased by 400 thousand and reached 1.9 million. The AIX Qazaq Index showed growth of 25% for the year and 53.2% since launch, reaching 1531.8 points, which indicates an increase in interest in trading on the exchange.
The volume of capital attracted to the site in 2024 amounted to $2.3 billion. During the year, 256 financial instruments from 148 issuers were placed, including 140 new placements from 68 companies. Since the start of the exchange in 2018, the total amount of attracted capital has reached $7 billion.
An important event of 2024 was the first placement of Kazakhstani sukuk (Islamic bonds), which opened up new opportunities for Islamic financing. A mechanism to reduce free-float to 10% was also introduced and I-REC renewable energy certificates were added, expanding the exchange's tools.
A significant achievement was the beginning of inter-exchange trading with the Abu Dhabi ADX exchange, which contributes to the integration of the Kazakh market into the international financial system. In the last two months of 2024, there was a 51% decrease in trading volumes, although in October 2024 an increase of 60% was recorded compared to November 2024.
The shareholders of AIX are the Astana International Financial Center (AIFC), the Shanghai Stock Exchange, the Silk Road Fund and NASDAQ, which ensures a high level of international integration of the site.[1]
Notes
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