/KASE, October 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 September 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 September, growth in business activity and new orders in Kazakhstan’s services sector remained positive, although the pace slowed noticeably compared with previous months. Overall, a slowdown was observed throughout the third quarter. The contributing factors include moderate demand, continued cost pressures, weakening of the national currency, and reduced employment. Intensified competition is restraining the growth of prices and service tariffs, compressing margins. The upcoming implementation of new tax rules at the beginning of next year is increasingly reflected in market sentiment. As a result, one-year expectations declined to their lowest level in more than two years, indicating companies' cautious assessment of prospects".

Review in Qazaq – see more

Review in Russian – see more

Review in English – see more

[2025-10-03]