FEAS Yearbook FEAS Yearbook 2021 | Page 64

KASE team more than ever realizes that the world around is changing rapidly.

Kazakhstan Stock Exchange

The Federation of Euro-Asian Stock Exchanges

Summing up the past 25 years, KASE has transformed itself from a currency exchange into a universal trading platform. Currently, the exchange combines four markets: a securities market, a foreign exchange market, a money market, and the futures market.

Within the framework of the 25th anniversary KASE launches “KASE talks” platform of monthly open lectures.

On April 9, 2018 Kazakhstan Stock Exchange announces about launching KASE Startup platform. KASE Startup is an Internet platform mainly aimed at establishing communications between startup companies and investors. Transactions as part of financing of startup companies by investors will be made both using KASE trade infrastructure and directly between the parties.

Since its foundation, KASE has been an integral part of the infrastructure of the financial market of Kazakhstan. KASE occupies an essential place in the real domestic economy. KASE forms and promotes the securities market as one of the sources of raising capital and increasing investments. As part of its new development strategy, KASE plans to modernise its software systems, launch a central counterparty in all exchange markets, expand clearing services, and introduce new financial instruments.

The primary strategic goal of the exchange is to create an affordable, high-quality and efficient mechanism for attracting financing by Kazakhstan companies on the domestic stock market, creating attractive conditions for local and international investors, and providing a full range of exchange services in compliance with international standards.

The phased modernisation of trading and clearing systems in the stock and money markets, and later in foreign exchange and derivatives markets, will allow KASE to introduce new trading tools and settlement cycles, as well as improve the reliability of KASE's IT infrastructure. It will also reduce operational risks and provide KASE with new opportunities for high-frequency trading.

Since November 17, 1993, KASE has made the way from currency exchange to universal exchange. Currently KASE is ranked as the second among the CIS exchanges in terms of the trading volume. With the development of the country and the financial system, the exchange combines four markets: a securities market, a foreign exchange market, a money market, and the derivatives market.

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About Company

Established: November 17, 1993

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

Contact Name: Nazgul Alibayeva

Email: [email protected]

Website: www.kase.kz

- Joined FEAS in 1997-

Alina Aldambergen

Chairman of the Board

Year in review

2021 was the year of growth for Kazakhstan Stock Exchange (KASE): Total trading volume grew 43% in 2021. The highest trading volume growth was observed in the stock market, secondary corporate bond market and mutual fund market with growth rates of 75%, 86% and 87% respectively. Equity market capitalisation grew 47% in 2021 and by January 2022 it had a market capitalisation of US$ 66.6 billion. KASE Index, which includes the stocks of seven leading local companies,  grew by 37%. Over 150 new instruments were included to the KASE official list 2021 was followed with the two main global trends in capital market – the growth of retail investors and transition to the green agenda.

The Kazakhstan stock market experienced an increase in the activity of retail investors in the past two years. Especially in 2021 there was an influx of retail investors into the local capital market. For example, in 2021 the number of daily transactions of retail investors on KASE increased by 2.4 times, compared to 2020.

Kazakhstan Stock Exchange has been actively developing ESG financing and practices in the local capital market. In 2020 green bonds of Asian Development Bank (ADB) were issued on KASE. In 2021 there were more ESG bond issuances on KASE, such as gender bonds by ADB, social bonds by Entrepreneurship Development Fund “Damu”, green and social bonds by Eurasian Development Bank.

In 2021 the Exchange launched "KASE Global" sector for trading the most liquid foreign stocks quoted in US dollars with T+2 settlement scheme. It was not an easy task to implement as it required the restructuring of both internal and external business processes. We are glad we managed to launch it without any delays in our plan.Today "KASE Global" has over 40 stocks of the top American companies available for local investors and the number will continue to include more American and European most liquid stocks. KASE has successfully completed its three-year Development Strategy 2019-2021 and completed all of its strategic projects.

Among the important projects of the past year was the completion of the comprehensive modernization of all trading and clearing systems of the Exchange and the full launch of CCP services in all markets. This provided the participants of the exchange market with security and a guarantee of the fulfillment of all obligations and requirements for the transactions being concluded. Now it can be said with confidence that the infrastructure of the KASE markets sufficiently meets the expectations of investors and is able to provide the required level of service. A number of other new services and projects were also launched last year. In particular, the Exchange's clients were provided with the opportunity to conduct private placements of securities and make settlements based on the results of trading in US dollars. Market maker programs have been implemented to increase liquidity and depth of the exchange market.

KASE Global

First post-Covid offsite team-building of KASE

New development strategy 2022-2024

Full launch of trading and clearing systems and CCP services in all markets

IT modernization

KASE Team

"Freedom Finance" JSC as a leader of the securities market,

"Halyk Finance" JSC for a significant contribution to attracting investors, "First Heartland Jusan Invest" JSC for contribution to improving financial literacy

Project of the year

Event of the year

Change of the year

Accomplishment

of the year

Word of the year

Person of the year

Member of the year