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The demand for government securities has grown at the Kazakhstan stock exchange

The demand for government securities has grown at the Kazakhstan stock exchange. For example, since the beginning of the year, government stock trading at KASE has reached almost 1.1 billion tenge. In comparison with last year, a growth of more than 50% has been registered. This index increased by 22% as a result of the US dollar rate.

Andrei Tsalyuk, deputy president of Kazakhstan stock exchange
“This is the most progressive market at the moment as government papers are known to be the least risky ones. According to the results of a 10-month period it has grown by 50-51.7% in comparison with the same period of last year. However, the volume of trading in the primary market has remained over the last four months, which means that the Ministry of Finance is demonstrating roughly the same issue activity. However, in comparison with previous years, it is still very high although the trading volume has been decreasing in the secondary market over the last four month. We attribute this to the fact that the peak of restructuring portfolios of pension funds in the first place came to fall specifically during the summer period.”

So far, the Kazakhstan Stock Exchange has met the requirements of the Financial Supervision Agency concerning the level of capitalization through floating KASE securities among its shareholders. According to the regulator’s requirements, the authorized capital of the structure must exceed 181 million tenge. As a result of issues, more than 5.5 thousand shares have been sold to a sum of over 20 million tenge by the end of October. Thus, the exchange’s authorized capital was formed to the tune of 185.7 million tenge.