FEAS Yearbook FEAS Yearbook 2019 | Page 70

About Kazakhstan Stock Exchange

Established: November 17, 1993

Chairperson of the Management Board: Ms. Alina Aldambergen

Address: 8th floor, Northern tower of Multifunctional Complex Almaty Towers, 280 Baizakov Str., Almaty, 050040, Republic of Kazakhstan

Contact Name: Mr. Dauren Dosbayev

Email: [email protected]

Website: www.kase.kz

Federation of Euro-Asian Stock Exchanges

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KASE Development Strategy for 2019-2021

On May 28, 2019, the Board of Directors of the Kazakhstan Stock Exchange approved the KASE Development Strategy for 2019-2021. According to the Strategy, the main goal of the Exchange is to maintain leading position of KASE in Kazakhstan's stock exchange community. The development strategy of KASE identifies four key areas: IT- modernization of trading and clearing systems and related information systems, launching services of the central counterparty (hereinafter, the CCP) in all exchange markets in order to guarantee the completion of settlements on exchange transactions, increasing the liquidity of the exchange markets by attracting new participants, introducing wider range of financial instruments and using new technologies and introducing sustainable development principles to increase investment attractiveness of the Exchange.

The Exchange Simulator: Educational Project for Students

The opening ceremony of the KASE student project dubbed "The Exchange Simulator" aimed at improving the financial literacy of young people who want to expand their knowledge about the stock market and gain practical investment skills was held on March 29, 2019. Over the past few years, the project has been held within the framework of the global programme for raising financial literacy of young people and children dubbed Global Money Week, which was implemented in more than 130 countries. The project is being implemented for 11 consecutive years. The interest of students to The Exchange Simulator is growing. More than 6 000 students from 80 universities of Kazakhstan, countries of near and far abroad took part in the project over its entire history.

Opening ceremony for securities trading devoted to gender equality

On March 7, 2019, KASE held an opening ceremony for trading on KASE markets as part of the United Nations Sustainable Stock Exchanges Initiative "Ring the Bell for Gender Equality" in cooperation with The UN Women in Kazakhstan, the World Bank and the International Finance Corporation (IFC).

The event was timed to coincide with International Women's Day and was intended to highlight the importance of promoting gender equality, empowering women and enhancing their role in society. "KASE supports the UN sustainable development principles including gender equality, and strives to contribute to attracting the attention of business circles and respecting gender equality in organizations. Consistent implementation of sustainable business practices is the key to the effectiveness of any organization," Alina Aldambergen, Chairperson of the KASE Management Board, said in her speech.

Distinguished Kazakhstani women, who contribute to the socio-political, financial and economic spheres of the country, attended the opening ceremony.