Review of KASE equity market in October 2025
/KASE, November 4, 2025/ – Kazakhstan Stock Exchange (KASE) presents a brief review of the equity market for October 2025.
As of the end of October 2025, shares of 88 names of 75 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 October 2025, the equity market capitalization amounted to 39.6 trln tenge ($74.6 bn), which is by 0.7 trln tenge, or 1.6 %, below the previous month's figure.
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October 31 September 30 Δ Δ, %
----------------------- ---------- ------------ -------- ----
Capitalization, bn KZT 39,553.98 40,211.80 -657.8 -1.6
Capitalization, mln USD 74,620.29 73,273.56 +1,346.7 +1.8
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The volume of equity trading in October amounted to 23.9 bn tenge, down 11.5 % or 3.1 bn tenge from September. Average daily trading volume was 1.1 bn tenge, with an average daily number of transactions of 12,986, with an average transaction volume of 83,800 tenge. Share trading in October 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 56.7 % of the gross turnover of stock trading, followed by banks (2.9 %), broker-dealer firms (15.1 %), other institutional investors (1.0 %), and other legal entities (24.3 %). Non-residents accounted for 9.3 %.
KASE Index value fell by 0.3 % in October and amounted to 7,131.47 points by the end of the month.
The volume of index share transactions in October 2025 amounted to 21.3 bn tenge, which is 2.1 bn tenge lower than the figure for September 2025. The largest trading volume was in common shares of Halyk Bank of Kazakhstan JSC – 4.4 bn tenge (20.8 % of the total trading volume in index shares)*.
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Last trade price, Trading volume*, Capitalization**,
tenge per share million tenge bn tenge
-------------------------------------------- ------------------------ ------------------
Free Share in --------------
float, index, from 01.01.25
% %* October 31 September 30 Δ, % Δ, % October September Δ, % as of 31.10.25
---------- ------- -------- ---------- ------------ ----- -------------- -------- --------- ----- ------------------
KZAP 25.0 18.0 30,530.00 28,449.99 +7.3 +51.3 2,816.1 1,944.8 +44.8 7,902.4
AIRA 41.9 5.6 869.88 812.77 +7.0 +6.1 2,831.6 3,285.5 -13.8 305.8
KMGZ 2.6 15.2 22,400.00 21,939.99 +2.1 +53.2 1,211.1 1,055.2 +14.8 13,642.6
KCEL 34.1 10.0 3,353.64 3,300.00 +1.6 -2.3 2,891.8 1,257.9 x2.3 669.3
HSBK 30.5 13.7 349.99 354.60 -1.3 +36.5 4,439.1 7,131.4 -37.8 3,817.7
CCBN 48.2 18.4 5,044.00 5,110.50 -1.3 x2.3 3,145.0 6,236.8 -49.6 888.1
KZTK 19.2 3.4 38,520.00 39,200.00 -1.7 -12.0 294.0 352.1 -16.5 421.8
KZTO 10.0 1.4 843.90 864.00 -2.3 +2.9 420.7 755.0 -44.3 324.6
KEGC 15.0 2.6 1,421.00 1,475.01 -3.7 -6.9 850.9 415.6 x2.0 390.9
KSPI 31.7 11.8 41,400.00 47,500.00 -12.8 -24.1 2,399.6 967.1 x2.5 7,880.4
KASE Index – – 7,131.47 7,149.42 -0.3 +27.8 21,299.9 23,401.3 -9.0 –
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* excluding large transactions and irregular transactions
** company capitalization taking into account preferred shares
[2025-11-04]