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In January-February 2026, trading volume on KASE made up KZT83.9 trln ($167.2 bn)
/KASE, March 03, 2026/ – In January-February 2026, the trading volume on Kazakhstan Stock Exchange (KASE) in all market sectors made up KZT83,865.5 bn (equivalent to USD167,173.9 mln), increased by 47.1 % (by 50.9 % in dollar terms) YoY.
In comparison with the preceding two-month period (November-December) of 2025, the trading volume decreasing by 2.6 %.
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-II, 2026 I-II, 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 1,938.8 2.3 1,720.2 3.0 +218.6 +12.7
Shares 48.6 0.1 44.7 0.1 +3.9 +8.6
– primary market – – – – 0.0 –
– secondary market 48.6 0.1 44.7 0.1 +3.9 +8.6
KASE Global 47.6 0.1 13.8 <0.1 +33.7 +244.1
Corporate debt securities 471.2 0.6 300.9 0.5 +170.3 +56.6
– primary market 336.1 0.4 160.7 0.3 +175.4 +109.2
– secondary market 135.2 0.2 140.3 0.2 -5.1 -3.6
GS 1,302.9 1.6 1,238.0 2.2 +64.8 +5.2
– primary market 992.7 1.2 800.5 1.4 +192.2 +24.0
– secondary market 310.2 0.4 437.5 0.8 -127.3 -29.1
MFO bonds 65.8 0.1 115.1 0.2 -49.2 -42.8
– primary market 48.0 0.1 90.6 0.2 -42.7 -47.1
– secondary market 17.9 <0.1 24.4 <0.1 -6.6 -26.8
IFI securities 2.3 <0.1 3.5 <0.1 -1.3 -35.8
Derivative securities 0.5 <0.1 4.1 <0.1 -3.6 -87.9
Foreign currency market 9,236.5 11.0 6,858.3 12.0 +2,378.2 +34.7
US dollar 6,999.8 8.3 5,040.2 8.8 +1,959.6 +38.9
Russian ruble 1,596.0 1.9 1,301.3 2.3 +294.7 +22.6
Chinese yuan 196.6 0.2 100.5 0.2 +96.2 +95.7
euro 66.8 0.1 138.1 0.2 -71.3 -51.6
euro-US dollar 179.3 0.2 90.2 0.2 +89.1 +98.8
US dollar-yuan 198.0 0.2 188.0 0.3 +9.9 +5.3
euro-yuan – – – – 0.0 –
Money market 72,689.6 86.7 48,444.0 85.0 +24,245.6 +50.0
Repo transactions 54,786.7 65.3 36,093.7 63.3 +18,693.0 +51.8
– "direct" repo with GS – – 58.9 0.1 -58.9 -100.0
– auto repo with GS 42,245.4 50.4 27,308.3 47.9 +14,937.2 +54.7
– "direct" repo with non-GS 136.8 0.2 12.1 <0.1 +124.6 +1,026.8
– auto repo with non-GS 11,955.7 14.3 8,577.6 15.0 +3,378.1 +39.4
– "direct" repo with CCP – – – – 0.0 –
– auto repo with CCP 448.8 0.5 136.9 0.2 +311.9 +227.9
Currency swap transactions 17,902.9 21.3 12,350.2 21.7 +5,552.6 +45.0
– with US dollar 15,520.0 18.5 12,255.2 21.5 +3,264.8 +26.6
– with euro 0.7 <0.1 6.1 <0.1 -5.4 -89.1
– with ruble 2,303.2 2.7 46.0 0.1 +2,257.3 +4,908.5
– with yuan 2.5 <0.1 – – +2.5 +100.0
– with euro-US dollar 76.5 0.1 43.0 0.1 +33.6 +78.1
Derivatives market 0.7 <0.1 0.3 <0.1 +0.4 +163.1
Futures 0.7 <0.1 0.3 <0.1 +0.4 +163.1
TOTAL 83,865.5 100.0 57,022.7 100.0 +26,842.9 +47.1
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in mln US dollars
------------------------------ -------------------- -------------------- -------------------- -------------------- ----------------- --------
Securities Market 3,878.3 2.3 3,348.9 3.0 +529.3 +15.8
Shares 96.9 0.1 86.7 0.1 +10.2 +11.7
– primary market – – – – 0.0 –
– secondary market 96.9 0.1 86.7 0.1 +10.2 +11.7
KASE Global 94.7 0.1 26.8 <0.1 +67.9 +253.7
Corporate debt securities 944.4 0.6 588.0 0.5 +356.5 +60.6
– primary market 674.1 0.4 314.9 0.3 +359.2 +114.1
– secondary market 270.3 0.2 273.0 0.2 -2.7 -1.0
GS 2,602.6 1.6 2,405.8 2.2 +196.8 +8.2
– primary market 1,979.8 1.2 1,567.5 1.4 +412.3 +26.3
– secondary market 622.8 0.4 838.3 0.8 -215.5 -25.7
MFO bonds 134.2 0.1 226.9 0.2 -92.7 -40.9
– primary market 98.0 0.1 179.4 0.2 -81.4 -45.4
– secondary market 36.2 <0.1 47.4 <0.1 -11.3 -23.8
IFI securities 4.5 <0.1 7.0 <0.1 -2.5 -35.5
Derivative securities 1.0 <0.1 7.8 <0.1 -6.9 -87.6
Foreign currency market 18,427.1 11.0 13,350.1 12.0 +5,076.9 +38.0
US dollar 13,969.9 8.4 9,810.0 8.9 +4,160.0 +42.4
Russian ruble 3,184.8 1.9 2,534.8 2.3 +650.0 +25.6
Chinese yuan 390.6 0.2 195.1 0.2 +195.5 +100.2
euro 133.3 0.1 270.4 0.2 -137.1 -50.7
euro-US dollar 357.4 0.2 174.6 0.2 +182.8 +104.7
US dollar-yuan 391.0 0.2 365.3 0.3 +25.7 +7.0
euro-yuan – – – – 0.0 –
Money market 144,867.3 86.7 94,097.2 84.9 +50,770.1 +54.0
Repo transactions 109,128.8 65.3 70,038.4 63.2 +39,090.4 +55.8
– "direct" repo with GS – – 111.1 0.1 -111.1 -100.0
– auto repo with GS 84,136.1 50.3 53,046.1 47.9 +31,090.0 +58.6
– "direct" repo with non-GS 274.8 0.2 23.4 <0.1 +251.4 +1,074.4
– auto repo with non-GS 23,823.7 14.3 16,588.2 15.0 +7,235.6 +43.6
– "direct" repo with CCP – – – – 0.0 –
– auto repo with CCP 894.2 0.5 269.6 0.2 +624.5 +231.6
Currency swap transactions 35,738.5 21.4 24,058.8 21.7 +11,679.7 +48.5
– with US dollar 30,970.6 18.5 23,873.7 21.5 +7,096.9 +29.7
– with euro 1.3 <0.1 12.1 <0.1 -10.8 -88.9
– with ruble 4,609.4 2.8 89.5 0.1 +4,519.9 +5,051.6
– with yuan 4.9 <0.1 – – +4.9 +100.0
– with euro-US dollar 152.3 0.1 83.5 0.1 +68.8 +82.4
Derivatives market 1.3 <0.1 0.5 <0.1 +0.8 +165.5
Futures 1.3 <0.1 0.5 <0.1 +0.8 +165.5
TOTAL 167,173.9 100.0 110,796.7 100.0 +56,377.2 +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.
[2026-03-03]