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Market and Company News
In January 2026, trading volume on KASE made up KZT41.8 trln ($82.4 bn)
/KASE, February 06, 2026/ – In January 2026, the trading volume on Kazakhstan Stock Exchange (KASE) in all market sectors made up KZT41,804.0 bn (equivalent to USD82,376.0 mln), increased by 46.0 % (by 50.9 % in dollar terms) YoY.
In comparison with December 2025, the trading volume decreased by 12.8 %.
The table below shows the trading volume (calculated by amounts raised) in 2026 broken down by market sector and the comparative 2025 data.
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I, 2026 I, 2025 Trend
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Exchange market sector Trading structure, % Trading structure, % Trading structure, % Trading structure, % In currency units in %
volume volume volume volume
------------------------------ -------------------- -------------------- -------------------- -------------------- ----------------- --------
in bn KZT
------------------------------ -------------------- -------------------- -------------------- -------------------- ----------------- --------
Securities Market 692.7 1.7 711.6 2.5 -18.9 -2.6
Shares 24.2 0.1 18.8 0.1 +5.5 +29.0
– primary market – – – – 0.0 x
– secondary market 24.2 0.1 18.8 0.1 +5.5 +29.0
KASE Global 24.2 0.1 7.5 <0.1 +16.7 +221.7
Corporate debt securities 114.7 0.3 101.0 0.4 +13.7 +13.6
– primary market 59.2 0.1 44.8 0.2 +14.4 +32.2
– secondary market 55.5 0.1 56.2 0.2 -0.7 -1.3
GS 527.7 1.3 567.5 2.0 -39.8 -7.0
– primary market 436.1 1.0 286.1 1.0 +150.0 +52.4
– secondary market 91.6 0.2 281.5 1.0 -189.8 -67.5
MFO bonds 0.1 <0.1 15.7 0.1 -15.6 -99.4
– primary market – – 7.6 <0.1 -7.6 -100.0
– secondary market 0.1 <0.1 8.0 <0.1 -7.9 -98.8
IFI securities 1.6 <0.1 0.7 <0.1 +0.8 +110.8
Derivative securities 0.3 <0.1 0.4 <0.1 -0.1 -24.7
Foreign currency market 4,322.9 10.3 3,345.0 11.7 +977.9 +29.2
US dollar 3,219.7 7.7 2,489.1 8.7 +730.6 +29.4
Russian ruble 714.0 1.7 622.0 2.2 +92.0 +14.8
Chinese yuan 99.1 0.2 51.1 0.2 +48.0 +93.9
euro 34.3 0.1 50.8 0.2 -16.4 -32.4
euro-US dollar 94.9 0.2 46.1 0.2 +48.8 +105.7
US dollar-yuan 160.9 0.4 85.9 0.3 +75.0 +87.3
euro-yuan – – – – 0.0 x
Money market 36,788.3 88.0 24,568.1 85.8 +12,220.2 +49.7
Repo transactions 28,620.0 68.5 18,831.9 65.8 +9,788.1 +52.0
– "direct" repo with GS – – 58.9 0.2 -58.9 -100.0
– auto repo with GS 22,400.0 53.6 13,656.9 47.7 +8,743.1 +64.0
– "direct" repo with non-GS 32.8 0.1 8.5 <0.1 +24.3 +287.0
– auto repo with non-GS 5,953.7 14.2 5,079.9 17.7 +873.8 +17.2
– "direct" repo with CCP – – – – 0.0 x
– auto repo with CCP 233.4 0.6 27.7 0.1 +205.7 +742.4
Currency swap transactions 8,168.3 19.5 5,736.2 20.0 +2,432.1 +42.4
– with US dollar 7,328.4 17.5 5,694.6 19.9 +1,633.8 +28.7
– with euro 0.1 <0.1 0.3 <0.1 -0.3 -79.4
– with ruble 798.3 1.9 20.4 0.1 +777.8 +3,807.1
– with yuan 1.4 <0.1 – – +1.4 x
– with euro-US dollar 40.2 0.1 20.9 0.1 +19.4 +92.7
Derivatives market <0.1 0.0 – – +0.0 x
Futures <0.1 0.0 – – +0.0 x
TOTAL 41,804.0 100.0 28,624.7 100.0 +13,179.3 +46.0
------------------------------ -------------------- -------------------- -------------------- -------------------- ----------------- --------
in mln US dollars
------------------------------ -------------------- -------------------- -------------------- -------------------- ----------------- --------
Securities Market 1,364.7 1.7 1,356.0 2.5 +8.7 +0.6
Shares 47.8 0.1 35.8 0.1 +12.1 +33.8
– primary market – – – – 0.0 x
– secondary market 47.8 0.1 35.8 0.1 +12.1 +33.8
KASE Global 47.7 0.1 14.4 <0.1 +33.3 +232.0
Corporate debt securities 226.3 0.3 193.3 0.4 +33.0 +17.1
– primary market 116.7 0.1 85.8 0.2 +30.8 +35.9
– secondary market 109.6 0.1 107.4 0.2 +2.2 +2.0
GS 1,039.0 1.3 1,080.5 2.0 -41.5 -3.8
– primary market 859.0 1.0 544.5 1.0 +314.6 +57.8
– secondary market 180.0 0.2 536.0 1.0 -356.1 -66.4
MFO bonds 0.2 <0.1 29.9 0.1 -29.7 -99.4
– primary market – – 14.5 <0.1 -14.5 -100.0
– secondary market 0.2 <0.1 15.4 <0.1 -15.2 -98.8
IFI securities 3.1 <0.1 1.4 <0.1 +1.7 +117.4
Derivative securities 0.6 <0.1 0.8 <0.1 -0.2 -22.3
Foreign currency market 8,523.2 10.3 6,384.4 11.7 +2,138.7 +33.5
US dollar 6,349.1 7.7 4,751.5 8.7 +1,597.6 +33.6
Russian ruble 1,407.6 1.7 1,187.8 2.2 +219.8 +18.5
Chinese yuan 194.9 0.2 97.0 0.2 +97.9 +101.0
euro 67.8 0.1 97.2 0.2 -29.3 -30.2
euro-US dollar 187.4 0.2 88.1 0.2 +99.3 +112.6
US dollar-yuan 316.3 0.4 162.9 0.3 +153.5 +94.2
euro-yuan – – – – 0.0 x
Money market 72,488.2 88.0 46,840.4 85.8 +25,647.8 +54.8
Repo transactions 56,384.6 68.4 35,883.7 65.7 +20,500.8 +57.1
– "direct" repo with GS – – 111.1 0.2 -111.1 -100.0
– auto repo with GS 44,127.9 53.6 26,025.4 47.7 +18,102.5 +69.6
– "direct" repo with non-GS 64.8 0.1 16.2 <0.1 +48.6 +300.1
– auto repo with non-GS 11,731.5 14.2 9,677.6 17.7 +2,053.9 +21.2
– "direct" repo with CCP – – – – 0.0 x
– auto repo with CCP 460.4 0.6 53.5 0.1 +406.9 +760.5
Currency swap transactions 16,103.6 19.5 10,956.6 20.1 +5,146.9 +47.0
– with US dollar 14,445.3 17.5 10,876.9 19.9 +3,568.4 +32.8
– with euro 0.1 <0.1 0.7 <0.1 -0.5 -78.6
– with ruble 1,576.1 1.9 39.2 0.1 +1,536.9 +3,925.0
– with yuan 2.7 <0.1 – – +2.7 x
– with euro-US dollar 79.3 0.1 39.9 0.1 +39.4 +98.8
Derivatives market <0.1 0.0 – – +0.0 x
Futures <0.1 0.0 – – +0.0 x
TOTAL 82,376.0 100.0 54,580.8 100.0 +27,795.2 +50.9
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Notes to table: GS – government serial securities;
NGS – non-government 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 using all executed exchange transactions concluded by any trade method used by KASE.
[2026-02-06]