Kazakhstan Stock Exchange (KASE)

Main article: Kazakhstan stock market

History

2025: Trade volume growth by 14.7% to KZT342.1 bn

The volume of trades in shares on Kazakhstan Stock Exchange (KASE) in 2025 increased relative to 2024 by 14.7% to 342.1 billion tenge. This was announced in January 2026 by the KASE press service. Since the beginning of 2025, the capitalization of the share market has grown by 18.7% to 39 trillion tenge ($77.6 billion). At the end of 2025, shares of 87 names of 74 issuers were in KASE's trading lists. KASE is conditionally divided into 5 sectors: foreign currency market, government securities market, stock and corporate bonds market, repo operations market and derivatives market.^[1]

2024: Moscow Exchange withdraws from KASE shareholders

In October 2024, the Kazakhstan Stock Exchange (KASE) announced the withdrawal of the Moscow Exchange from its shareholders and the termination of relations between trading platforms.

The shares were sold to Russian participants at market valuation. The terms of the deal were not disclosed, "the press service of the Moscow Exchange told RBC .

By June 2024, the Moscow Exchange owned 13.1% of KASE. At that time, the Moscow Exchange's stake in KASE was estimated at ₽2,4 billion. As of October 11, 2024, the main shareholder of KASE is the National Bank of the Republic of Kazakhstan with a share of 47%.

2023: Requirement for brokers to forcibly separate accounts of citizens of Russia and Belarus from accounts of other clients in securities with settlements in Europe

Kazakhstan broker Halyk Finance in April 2023 announced the demand of the Kazakhstan Stock Exchange to forcibly separate the accounts of citizens of Russia and Belarus from the accounts of other clients. Tentatively, segregation will begin after May 1, 2023.

The company also stressed that segregation concerns securities "denominated in a currency other than tenge, and on instruments for which settlements pass through the international settlement depositories Euroclear and Clearstream."