Information/
Market and Company News
In 2025 volume of trades on KASE totaled KZT 400.8 trln ($769.1 bn)
/KASE, January 15, 2026/ – In 2025, the volume of trades on Kazakhstan Stock Exchange (KASE) in all market sectors totaled KZT 400,798.5 bn (equivalent of USD769,075.0 mln) having increased by 3.0 % (decreased by 7.4 % in dollar terms) YoY.
---------------------------------------------------------------------------------------------------------
I-XII, 2025 I-XII, 2024 Trend
---------------------- ---------------------- -------------------------------
Exchange market sector Trading structure, % Trading structure, % In currency units in %
volume volume
--------------------------- --------- ------------ --------- ------------ ----------------- -------------
In bn tenge
--------------------------- --------- ------------ --------- ------------ ----------------- -------------
Securities market 15,513.6 3.9 12,913.8 3.3 +2,599.8 +20.1
Shares 342.1 0.1 298.2 0.1 +43.8 +14.7
– primary market 36.5 <0.1 49.5 <0.1 -13.0 -26.3
– secondary market 305.6 0.1 248.7 0.1 +56.9 +22.9
– KASE Global 172.7 <0.1 46.6 <0.1 +126.1 +270.6
Corporate debt securities 6,005.1 1.5 4,347.2 1.1 +1,657.9 +38.1
– primary market 4,737.4 1.2 3,470.3 0.9 +1,267.1 +36.5
– secondary market 1,267.7 0.3 876.9 0.2 +390.9 +44.6
GS 8,599.2 2.1 7,952.9 2.0 +646.3 +8.1
– primary market 6,647.7 1.7 6,045.3 1.6 +602.5 +10.0
– secondary market 1,951.5 0.5 1,907.6 0.5 +43.9 +2.3
IFO bonds 367.5 0.1 254.4 0.1 +113.2 +44.5
– primary market 307.0 0.1 219.3 0.1 +87.7 +40.0
– secondary market 60.5 <0.1 35.0 <0.1 +25.5 +72.7
Investment trust securities 18.2 <0.1 11.9 <0.1 +6.3 +53.3
Derivatives 8.9 <0.1 2.8 <0.1 +6.1 +221.6
Foreign currency market 51,226.6 12.8 38,018.3 9.8 +13,208.3 +34.7
US dollar 36,038.9 9.0 27,434.7 7.1 +8,604.2 +31.4
Russian ruble 10,679.1 2.7 5,750.7 1.5 +4,928.4 +85.7
Chinese yuan 1,302.6 0.3 538.8 0.1 +763.8 +141.8
Euro 725.9 0.2 548.7 0.1 +177.2 +32.3
Euro-US dollar 917.6 0.2 1,037.1 0.3 -119.5 -11.5
US dollar-yuan 1,562.4 0.4 2,702.2 0.7 -1,139.8 -42.2
Euro-yuan – – 6.0 <0.1 -6.0 -100.0
Money market 334,048.9 83.3 338,136.8 86.9 -4,087.9 -1.2
Repo transactions 251,590.5 62.8 261,555.5 67.2 -9,965.0 -3.8
– "nego" repo with GS 59.2 <0.1 0.8 <0.1 +58.4 +7,184.6
– auto repo with GS 193,903.0 48.4 193,848.1 49.8 +54.9 +0.0
– "nego" repo with CS 99.3 <0.1 151.2 <0.1 -51.9 -34.3
– auto repo with CS 56,174.1 14.0 67,345.0 17.3 -11,170.9 -16.6
– "nego" repo with GCC – – – – 0 x
– auto repo with GCC 1,355.0 0.3 210.4 0.1 +1,144.6 +544.1
Currency swap transactions 82,458.4 20.6 76,581.3 19.7 +5,877.1 +7.7
– in US dollar 71,344.0 17.8 75,702.1 19.5 -4,358.1 -5.8
– in euro 33.3 <0.1 245.3 0.1 -212.0 -86.4
– in ruble 10,697.3 2.7 498.7 0.1 +10,198.5 +2,044.9
– in yuan 8.8 <0.1 2.6 <0.1 +6.2 +238.9
– in euro-US dollar 375.0 0.1 132.6 <0.1 +242.4 +182.9
Derivatives market 9.5 <0.1 <0.1 <0.1 +9.5 +27,781424.9
Futures 9.5 <0.1 <0.1 <0.1 +9.5 +27,781424.9
--------------------------- --------- ------------ --------- ------------ ----------------- -------------
TOTAL trading volume 400,798.5 100.0 389,068.9 100.0 +11,729.6 +3.0
--------------------------- --------- ------------ --------- ------------ ----------------- -------------
in mln US dollar
--------------------------- --------- ------------ --------- ------------ ----------------- -------------
Securities market 29,777.6 3.9 27,700.4 3.3 +2,077.3 +7.5
Shares 656.6 0.1 637.6 0.1 +19.0 +3.0
– primary market 70.2 <0.1 110.5 <0.1 -40.4 -36.5
– secondary market 586.5 0.1 527.1 0.1 +59.4 +11.3
– KASE Global 327.6 <0.1 96.5 <0.1 +231.1 +239.4
Corporate debt securities 11,512.9 1.5 9,171.8 1.1 +2,341.1 +25.5
– primary market 9,090.1 1.2 7,341.1 0.9 +1,748.9 +23.8
– secondary market 2,422.8 0.3 1,830.6 0.2 +592.2 +32.3
GS 16,515.7 2.1 17,208.3 2.1 -692.6 -4.0
– primary market 12,748.0 1.7 13,128.6 1.6 -380.6 -2.9
– secondary market 3,767.7 0.5 4,079.7 0.5 -312.0 -7.6
IFO bonds 712.9 0.1 554.8 0.1 +158.0 +28.5
– primary market 596.8 0.1 481.9 0.1 +114.9 +23.8
– secondary market 116.1 <0.1 72.9 <0.1 +43.2 +59.2
Investment trust securities 34.9 <0.1 25.5 <0.1 +9.4 +37.1
Derivatives 17.1 <0.1 5.9 <0.1 +11.2 +191.0
Foreign currency market 98,209.3 12.8 80,512.8 9.7 +17,696.6 +22.0
US dollar 69,147.5 9.0 58,181.4 7.0 +10,966.1 +18.8
Russian ruble 20,434.5 2.7 11,990.1 1.4 +8,444.4 +70.4
Chinese yuan 2,492.4 0.3 1,131.8 0.1 +1,360.6 +120.2
Euro 1,396.5 0.2 1,145.5 0.1 +251.0 +21.9
Euro-US dollar 1,745.3 0.2 2,192.9 0.3 -447.6 -20.4
US dollar-yuan 2,993.2 0.4 5,858.3 0.7 -2,865.1 -48.9
Euro-yuan – – 12.9 <0.1 -12.9 -100.0
Money market 641,069.7 83.4 722,179.7 87.0 -81,110.0 -11.2
Repo transactions 482,544.1 62.7 558,378.3 67.2 -75,834.2 -13.6
– "nego" repo with GS 111.7 <0.1 1.7 <0.1 +110.0 +6,648.1
– auto repo with GS 372,078.3 48.4 412,787.0 49.7 -40,708.7 -9.9
– "nego" repo with CS 190.8 <0.1 321.5 <0.1 -130.7 -40.7
– auto repo with CS 107,574.2 14.0 144,849.0 17.4 -37,274.8 -25.7
– "nego" repo with GCC – – – – 0 x
– auto repo with GCC 2,589.2 0.3 419.1 0.1 +2,170.0 +517.8
Currency swap transactions 158,525.6 20.6 163,801.4 19.7 -5,275.8 -3.2
– in US dollar 137,367.7 17.9 161,920.5 19.5 -24,552.8 -15.2
– in euro 66.1 <0.1 520.7 0.1 -454.5 -87.3
– in ruble 20,361.8 2.6 1,089.6 0.1 +19,272.2 +1,768.7
– in yuan 16.7 <0.1 5.3 <0.1 +11.4 +215.3
– in euro-US dollar 713.3 0.1 265.3 <0.1 +448.0 +168.9
Derivatives market 18.3 <0.1 <0.1 <0.1 +18.3 +23,914,302.2
Futures 18.3 <0.1 <0.1 <0.1 +18.3 +23,914,302.2
--------------------------- --------- ------------ --------- ------------ ----------------- -------------
TOTAL 769,075.0 100.0 830,392.8 100.0 -61,317.8 -7.4
---------------------------------------------------------------------------------------------------------
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.
[2026-01-15]