/KASE, February 16, 2026/ – By a decision of the Management Board of Kazakhstan Stock Exchange (KASE) dated February 12, 2026, changes and additions No. 3 (the amendments) to KASE's internal document "Methodology for calculating stock market indices and indicators" (the Methodology) were approved, with effect as of April 1, 2026.

In accordance with the amendments, the list of stock market indices and indicators calculated by KASE includes:

1) indices of the corporate bond market denominated in tenge with a credit rating of at least BBB-, assigned by international rating agencies (indices of the KASE_KZ3BUP* series):

- KASE_KZ3_CP – index of "clean" bond prices, calculated based on prices excluding accrued and unpaid coupon interest;

- KASE_KZ3_TR – index of total bond income calculated based on prices taking into account accrued coupon interest and reinvested coupon payment;

- KASE_KZ3_Y – yield indicator, in percent per annum;

- KASE_KZ3_DUR – index duration, in years;

2) indices of the corporate bond market denominated in US dollars with a credit rating of at least BBB-, assigned by international rating agencies (indices of the KASE_US3BUP* series):

- KASE_US3_CP – index of "clean" bond prices, calculated based on prices excluding accrued and unpaid coupon interest;

- KASE_US3_TR – the index of total bond income calculated based on prices taking into account accrued coupon interest and reinvested coupon payment;

- KASE_US3_Y – yield indicator, in percent per annum;

- KASE_US3_DUR – duration of the series index, in years.

The initial value of the bonds' "clean" price index (CP) is fixed at 100 points, and the total bond return index (TR) is fixed at 100 points, with the addition of the average value of accrued and unpaid interest.

The amendments also define the procedure for calculating the above indices.

The updated text of the Methodology will be published on KASE website at see more (tab "Methodologies").

[2026-02-16]