/KASE, February 2, 2026/ – Freedom Holding Corp. has provided Kazakhstan Stock Exchange (KASE) with a review of the Purchasing Managers' Index (PMI) of Kazakhstan's manufacturing sectors for January 2026.

Below are comments from Yerlan Abdikarimov, Director of the Financial Analysis Department of Freedom Finance Global PLC (a 100% subsidiary of Freedom Holding Corp.).

"Kazakhstan's manufacturing sector has started the year by returning to the zone of pessimism, where it remained from June to November last year. This was influenced not only by weak dynamics in new orders and demand, but also by the increase in tax burden, amplified by the introduction of new fiscal rules. In January, a sharp rise in the cost of purchased resources was recorded, which triggered a corresponding reaction in the sector with an equally sharp increase in selling prices – the monthly growth rate reached a record 27%, compared with an average of 3% during growth periods over the past seven years. Weak market conditions are accompanied by a continued, albeit modest, expansion of staff, likely to reflect the recruitment of personnel following a previous period of downsizing. Expectations over the next 12 months remain moderate against a backdrop of high uncertainty and pressure on operating margins.".

Review in Qazaq – see more

Review in Russian – see more

Review in English – see more

[2026-02-02]