/KASE, July 3, 2025/ – Freedom Holding Corp. has provided Kazakhstan Stock Exchange (KASE) with a review of the Purchasing Managers' Index (PMI) of Kazakhstan's service sector for June 2025.

Below are comments from Yerlan Abdikarimov, Director of the Financial Analysis Department of Freedom Finance Global PLC (a 100% subsidiary of Freedom Holding Corp.).

"In June, business activity in the services sector rose at the strongest rate since the beginning of the study. New contracts and marketing strategies revived the market, supporting employment. Rising operating costs have already been partly reflected in the growth of sales prices. At the same time, we see signals of a probable market correction: the pace of business activity growth has slowed sharply compared to May, which saw the strongest increase in the past two years, while expectations for the year ahead have dropped to a 12-month low. Such dynamics, against the backdrop of reaching a peak in business activity growth, may indicate increased caution of businesses regarding the second half of 2025, driven by growing overall uncertainty amid intensified competition, foreign trade risks (including the ruble factor), and changes in tax policy. Nevertheless, it should be noted that business expectations are still in the optimistic zone".

Review in Kazakh – see more

Review in Russian – see more

Review in English – see more

[2025-07-03]