KASE Reports Key 2024 Results: Trading Volume and Market Growth
In 2024, the Kazakhstan Stock Exchange (KASE) reported a trading volume of 389.1 trillion tenge (US$753.6 billion), marking a 5% decrease from the previous year, according to KASE Deputy Chairwoman Dana Amanzholova.
At the KASE Day event in Astana on Jan. 29, Amanzholova highlighted significant trends, including a 38% increase in primary placements, which rose from 7.1 trillion tenge (US$13.8 billion) in 2023 to 9.8 trillion tenge (US$19 billion) in 2024. Government bonds, which constituted 57% of the total placements, decreased from 72% the previous year, while corporate bonds grew to 35% from 22%.
Corporate bond trading volumes nearly doubled, increasing from 2.2 trillion tenge (US$4.3 billion) in 2023 to 4.3 trillion tenge (US$8.3 billion) in 2024. The secondary market for corporate bonds also saw a 32% growth, reaching 876.9 billion tenge (US$1.7 billion), up from 664.9 billion tenge (US$1.3 billion) in 2023.
As of Jan. 1, 2025, the total value of companies listed on KASE had increased by 23% to 32.9 trillion tenge (US$63.7 billion). Retail investors hold 62% of the market, followed by brokers at 16%, foreign residents at 6.9%, and banks at 0.9%.
In government securities, the total trading volume reached 8 trillion tenge (US$15.5 billion), with 6 trillion tenge (US$11.6 billion) coming from the primary market.
