Review of KASE equity market in September 2025
/KASE, October 2, 2025/ – Kazakhstan Stock Exchange (KASE) presents a brief review of the equity market for September 2025.
As of the end of September 2025, shares of 89 names of 76 issuers were on KASE trading lists, of which shares of two names of two issuers were admitted to trading in the "Unlisted securities" sector.
As of the end of September 2025, the equity market capitalization amounted to 40.2 trln tenge ($73.3 bn), which is 0.6 trln tenge, or 1.6 %, higher than the previous month's figure.
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September 30 August 29 Δ Δ, %
----------------------- ------------ --------- ------ ----
Capitalization, bn KZT 40,211.80 39,578.90 +632.9 +1.6
Capitalization, mln USD 73,273.56 73,599.56 -326.0 -0.4
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Equity trading volume in September amounted to 27.0 bn tenge, an increase of 9.0 %, or 2.2 bn tenge, compared to August. Average daily trading volume was 1.3 bn tenge, with an average daily number of transactions of 13,203, with an average transaction volume of 97,500 tenge. Equity trading in September took place exclusively on the secondary market.
Among the main categories of investors in the secondary market, the most active were individuals, who accounted for 62.0 % of the gross turnover of stock trading, followed by banks (2.4 %), broker-dealer organizations (11.7 %), other institutional investors (2.2 %), and other legal entities (21.6 %). The share of non-residents was 7.4 %.
KASE Index's value increased by 2.2 % in September and reached 7,149.42 points by the end of the month.
The volume of index share transactions in September 2025 amounted to 23.4 bn tenge, which is 3.3 bn tenge higher than the figure for August 2025. The largest trading volume was in common shares of Halyk Bank of Kazakhstan JSC – 7.1 bn tenge (30.5 % of the total trading volume in index shares)*.
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Last price, Trading volume*, Capitalization**,
tenge per share mln tenge bn tenge
Free Share in ------------------------------------------- ------------------------ ------------------
float, index, from 01.01.25
% %* September 30 August 29 Δ, % Δ, % September August Δ, % as of 30.09.25
---------- ------- -------- ------------ --------- ----- -------------- --------- -------- ----- ------------------
KZAP 25.0 16.7 28,449.99 24,896.00 +14.3 +41.0 1,944.8 1,728.3 +12.5 7,382.1
KMGZ 2.6 14.8 21,939.99 20,100.00 +9.2 +50.1 1,055.2 1,281.2 -17.6 13,295.8
AIRA 41.9 5.2 812.77 746.00 +9.0 -0.9 3,285.5 927.7 x3.5 289.2
KZTO 10.0 1.4 864.00 810.97 +6.5 +5.4 755.0 607.4 +24.3 328.2
KEGC 15.0 2.6 1,475.01 1,441.90 +2.3 -3.4 415.6 321.2 +29.4 406.9
CCBN 48.2 18.5 5,110.50 5,121.00 -0.2 x2.3 6,236.8 4,305.9 +44.8 911.8
KCEL 34.1 9.8 3,300.00 3,397.00 -2.9 -3.8 1,257.9 444.0 x2.8 659.2
HSBK 30.5 13.9 354.60 367.70 -3.6 +38.3 7,131.4 8,105.6 -12.0 3,858.0
KZTK 19.2 3.5 39,200.00 41,149.99 -4.7 -10.5 352.1 1,011.0 -65.2 430.8
KSPI 31.7 13.5 47,500.00 50,480.00 -5.9 -12.9 967.1 1,321.8 -26.8 9,087.6
KASE Index – – 7,149.42 6,993.05 +2.2 +28.2 23,401.3 20,054.0 +16.7 –
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* excluding major transactions and irregular transactions
** company capitalization taking into account preferred shares
[2025-10-02]