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Volume of trades on KASE totaled KZT 278.0 trln ($534.2 bn) in January-September 2025
/KASE, October 15, 2025/ – In January-September 2025, the volume of trades on Kazakhstan Stock Exchange (KASE) in all market sectors made up KZT 277,996.4 bn (equivalent of USD 534,189.7 mln) having decreased by 4.4 % (by 15.7 % in dollar terms) YoY.
Compared to the previous nine-month period (April-December) of 2024, the trading volume has decreased by 6.1 %.
The table below shows the trades volume (calculated by amounts raised) in 2025 broken down by market sector and comparison with indicators of 2024.
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I-IX, 2025 I-IX, 2024 Trend
---------------------- ---------------------- ----------------------------
Stock exchange market sector Trade structure, % Trade structure, % In
measurement in % volume volume currency
---------------------------- --------- ------------ --------- ------------ -------------- -------------
bn tenge
---------------------------- --------- ------------ --------- ------------ -------------- -------------
Securities market 11,258.6 4.0 10,421.5 3.6 +837.2 +8.0
Shares 243.5 0.1 229.1 0.1 +14.3 +6.3
– primary market 0.1 <0.1 49.5 <0.1 -49.4 -99.8
– secondary market 243.4 0.1 179.6 0.1 +63.8 +35.5
KASE Global 95.2 <0.1 25.7 <0.1 +69.4 +269.7
Corporate debt securities 3,787.0 1.4 3,107.9 1.1 +679.0 +21.8
– primary market 3,028.2 1.1 2,512.3 0.9 +515.9 +20.5
– secondary market 758.8 0.3 595.7 0.2 +163.1 +27.4
GS 6,789.7 2.4 6,805.5 2.3 -15.8 -0.2
– primary market 5,257.9 1.9 5,352.1 1.8 -94.2 -1.8
– secondary market 1,531.7 0.6 1,453.3 0.5 +78.4 +5.4
IFO bonds 323.9 0.1 241.9 0.1 +82.0 +33.9
– primary market 273.0 0.1 219.3 0.1 +53.7 +24.5
– secondary market 50.9 <0.1 22.6 <0.1 +28.3 +125.0
Investment fund securities 12.5 <0.1 9.3 <0.1 +3.2 +34.6
Derivatives 7.0 <0.1 2.0 <0.1 +5.0 +252.1
Foreign currency market 34,087.7 12.3 25,543.7 8.8 +8,544.0 +33.4
US dollar 24,528.7 8.8 18,461.7 6.3 +6,067.1 +32.9
Russian ruble 6,511.7 2.3 3,148.2 1.1 +3,363.5 +106.8
Chinese yuan 816.4 0.3 362.4 0.1 +453.9 +125.2
Euro 567.3 0.2 286.3 0.1 +281.0 +98.1
Euro-US dollar 585.2 0.2 729.1 0.3 -143.9 -19.7
US dollar-yuan 1,078.4 0.4 2,549.9 0.9 -1,471.5 -57.7
Euro-yuan – – 6.0 <0.1 -6.0 -100.0
Money market 232,643.5 83.7 254,868.6 87.6 -22,225.1 -8.7
Repo transactions 176,497.1 63.5 197,087.0 67.8 -20,589.9 -10.4
– "nego" repo with GS 58.9 <0.1 0.1 <0.1 +58.8 +95,413.4
– auto repo with GS 137,547.1 49.5 143,041.5 49.2 -5,494.4 -3.8
– "nego" repo with CS 68.3 <0.1 124.5 <0.1 -56.2 -45.2
– auto repo with CS 37,659.2 13.5 53,896.6 18.5 -16,237.4 -30.1
– "nego" repo with GCC – – – – 0 x
– auto repo with GCC 1,163.7 0.4 24.3 <0.1 +1,139.4 +4,680.6
Currency swap transactions 56,146.4 20.2 57,781.6 19.9 -1,635.2 -2.8
– in US dollar 49,910.3 18.0 57,070.9 19.6 -7,160.6 -12.5
– in euro 32.4 <0.1 237.4 0.1 -205.0 -86.4
– in ruble 5,935.9 2.1 458.9 0.2 +5,477.0 +1,193.5
– in yuan 3.2 <0.1 0.7 <0.1 +2.6 +378.8
– in euro-US dollar 264.5 0.1 13.7 <0.1 +250.8 +1,827.6
Derivatives market 6.6 <0.1 0.0 <0.1 +6.6 +19,322,990.8
Futures 6.6 <0.1 0.0 <0.1 +6.6 +19,322,990.8
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TOTAL 277,996.4 100.0 290,833.7 100.0 -12,837.3 -4.4
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in mln US dollar
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Securities market 21,654.3 4.1 22,711.7 3.6 -1,057.4 -4.7
Shares 468.3 0.1 500.2 0.1 -31.9 -6.4
– primary market 0.2 <0.1 110.5 <0.1 -110.3 -99.8
– secondary market 468.1 0.1 389.7 0.1 +78.4 +20.1
KASE Global 180.7 <0.1 55.6 <0.1 +125.2 +225.3
Corporate debt securities 7,261.5 1.4 6,721.9 1.1 +539.7 +8.0
– primary market 5,814.6 1.1 5,448.9 0.9 +365.7 +6.7
– secondary market 1,446.9 0.3 1,273.0 0.2 +173.9 +13.7
GS 13,076.4 2.4 14,879.2 2.3 -1,802.8 -12.1
– primary market 10,112.3 1.9 11,703.4 1.8 -1,591.1 -13.6
– secondary market 2,964.1 0.6 3,175.8 0.5 -211.7 -6.7
IFO bonds 629.8 0.1 530.3 0.1 +99.4 +18.8
– primary market 531.6 0.1 481.9 0.1 +49.7 +10.3
– secondary market 98.2 <0.1 48.4 <0.1 +49.7 +102.7
Investment trust securities 23.9 <0.1 20.3 <0.1 +3.7 +18.2
Derivatives 13.5 <0.1 4.3 <0.1 +9.2 +212.9
Foreign currency market 65,428.8 12.2 55,548.0 8.8 +9,880.8 +17.8
US dollar 47,105.4 8.8 40,259.1 6.4 +6,846.3 +17.0
Russian ruble 12,488.7 2.3 6,753.0 1.1 +5,735.7 +84.9
Chinese yuan 1,555.8 0.3 779.5 0.1 +776.3 +99.6
Euro 1,095.5 0.2 615.0 0.1 +480.6 +78.1
Euro-US dollar 1,119.4 0.2 1,570.3 0.2 -450.9 -28.7
US dollar-yuan 2,063.9 0.4 5,558.1 0.9 -3,494.2 -62.9
Euro-yuan – – 12.9 <0.1 -12.9 -100.0
Money market 447,093.8 83.7 555,461.4 87.7 -108,367.5 -19.5
Repo transactions 338,935.3 63.4 429,314.3 67.7 -90,379.0 -21.1
– "nego" repo with GS 111.1 <0.1 0.1 <0.1 +111.0 +81,113.8
– auto repo with GS 264,188.7 49.5 311,115.4 49.1 -46,926.7 -15.1
– "nego" repo with CS 131.1 <0.1 268.0 <0.1 -136.9 -51.1
– auto repo with CS 72,277.8 13.5 117,879.8 18.6 -45,602.0 -38.7
– "nego" repo with GCC – – – – 0 x
– auto repo with GCC 2,226.7 0.4 51.0 <0.1 +2,175.7 +4,267.6
Currency swap transactions 108,158.5 20.2 126,147.1 19.9 -17,988.6 -14.3
– in US dollar 96,285.9 18.0 124,603.2 19.7 -28,317.3 -22.7
– in euro 64.4 <0.1 504.5 0.1 -440.2 -87.2
– in ruble 11,298.3 2.1 1,009.3 0.2 +10,288.9 +1,019.4
– in yuan 6.0 <0.1 1.4 <0.1 +4.6 +327.0
– in euro-US dollar 504.0 0.1 28.7 <0.1 +475.4 +1,658.5
Derivatives market 12.8 <0.1 0.0 <0.1 +12.8 +16,696,419.8
Futures 12.8 <0.1 0.0 <0.1 +12.8 +16,696,419.8
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TOTAL 534,189.7 100.0 633,721.1 100.0 -99,531.4 -15.7
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Notes to table: GS – government serial securities; IFO – international financial organizations; CS – corporate serial securities; "nego" repo – repo transactions carried out by "direct" method (with conclusion of direct opening and closing repo deals); auto repo – repo transactions carried out automatically; 'n/t' – no trade held.
Trade volume is calculated on all executed exchange deals, concluded by any possible KASE trade method.
[2025-10-15]