Overview of KASE's GS Market in June 2026
/KASE, 01.07.26/ – Kazakhstan Stock Exchange (KASE) presents a brief overview of the government securities (GS) market based on the results of June 2026.
As of the end of June 2026, the Government Securities sector of KASE contained 105 issues of bonds of the Ministry of Finance of the Republic of Kazakhstan, including 91 issues of MEKAM and 14 issues of Eurobonds, 4 issues of notes of the National Bank of the Republic of Kazakhstan, 289 issues of bonds of local executive bodies and 65 issues of bonds of foreign states.
Based on results of June, the total GS trading volume on KASE amounted to 777.4 bn KZT ($1.6 bn), a decrease of 8.5 %, or 71.9 bn KZT, compared to May. The average daily trading volume was 35.3 bn KZT (9.0 bn KZT – on the secondary market), the average daily number of transactions was 26 (20 – on the secondary market), and the average transaction value was 1.4 bn KZT (0.5 bn KZT – on the secondary market).
In June, 130 transactions were concluded on the primary market for a total of 578.7 bn KZT ($1.2 bn), which is 11.6 %, or 76.0 bn KZT, lower than the previous month:
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Trading volume, Trading volume, Bid Average Current maturity,
Date of offering Trade code ISIN bn KZT USD mln to ask weighted yield, % years
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
02.06.2026 MUM156_0008 KZKD00001293 116.3 237.9 х2.9 14.97% 12.0
MUM180_0009 KZKD00000717 26.0 53.2 167.6% 17.00% 2.5
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
09.06.2026 MTC048_0002 KZKF00000020 63.8 131.6 х3.4 18.76% 3.9
MTC084_0001 KZKF00000038 57.0 117.6 164% 18.73% 6.9
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
12.06.2026 AIK024_312 KZMJ00003127 2.5 5.1 100 % 0.35% 1.9
DZK024_311 KZMJ00003119 3.1 6.4 100 % 0.35% 1.9
KOK024_293 KZMJ00002939 4.5 9.3 100 % 0.35% 1.8
KSK024_291 KZMJ00002913 2.5 5.1 100 % 0.35% 1.8
SKK024_295 KZMJ00002954 2.0 4.1 100 % 0.35% 1.8
TKK024_321 KZMJ00003218 1.8 3.7 100 % 0.35% 2.0
ZKK024_294 KZMJ00002947 4.5 9.3 100 % 0.35% 1.8
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
15.06.2026 ARK022_310 KZMJ00003101 2.5 5.1 100 % 4.24% 1.8
KGK022_314 KZMJ00003143 3.2 6.5 100 % 4.24% 1.8
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
16.06.2026 MOM060_0056 KZK200000786 50.0 101.8 х4.4 14.94% 5.0
MUM156_0008 KZKD00001293 51.2 104.2 х4.4 14.47% 11.9
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
19.06.2026 AKK047_333 KZMJ00003333 3.5 7.1 100 % 14.49% 3.9
KSK047_331 KZMJ00003317 2.4 4.8 100 % 17.22% 3.9
KSK047_332 KZMJ00003325 6.6 13.5 100 % 14.49% 3.9
MGK047_334 KZMJ00003341 5.5 11.3 100 % 17.22% 3.9
MGK047_335 KZMJ00003358 6.7 13.7 100 % 14.49% 3.9
SHK022_023 KZSJ00000234 6.0 12.3 100 % 4.24% 1.8
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
22.06.2026 ABK024_330 KZMJ00003309 2.2 4.6 100 % 0.35% 2.0
VKK024_328 KZMJ00003283 7.0 14.3 100% 0.35% 2.0
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
23.06.2026 DZK022_326 KZMJ00003267 3.0 6.2 100 % 4.24% 1.8
MUM096_0011 KZKD00001095 52.6 108.0 х3.1 15.69% 2.3
MUM096_0016 KZKD00001327 51.8 106.3 х5.7 14.25% 7.7
VKK022_327 KZMJ00003275 2.1 4.2 100% 4.24% 1.8
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
26.06.2026 DZK060_344 KZMJ00003440 0.7 1.4 100 % 13.37% 5.0
DZK084_346 KZMJ00003465 1.8 3.7 100 % 13.37% 7.0
DZK120_345 KZMJ00003457 0.6 1.2 100 % 13.37% 10.0
JTK084_341 KZMJ00003416 4.5 9.3 100 % 13.37% 7.0
JTK084_343 KZMJ00003432 4.9 10.0 100 % 13.37% 7.0
JTK120_340 KZMJ00003408 1.5 3.1 100 % 13.37% 10.0
JTK120_342 KZMJ00003424 1.6 3.3 100 % 13.37% 10.0
KGK084_348 KZMJ00003481 2.5 5.1 100 % 13.37% 7.0
KGK084_349 KZMJ00003499 4.0 8.2 100 % 13.37% 7.0
KGK120_347 KZMJ00003473 0.8 1.7 100 % 13.37% 10.0
KGK120_350 KZMJ00003507 1.3 2.7 100 % 13.37% 10.0
KSK084_338 KZMJ00003382 1.3 2.6 100 % 13.37% 7.0
KSK120_339 KZMJ00003390 0.4 0.9 100 % 13.37% 10.0
VKK060_336 KZMJ00003366 0.2 0.3 100% 13.37% 5.0
ZKK047_351 KZMJ00003515 5.0 10.3 100 % 14.49% 3.9
ZKK084_337 KZMJ00003374 1.3 2.6 100 % 13.37% 7.0
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
30.06.2026 ATK022_329 KZMJ00003291 2.0 4.1 100 % 4.24% 1.8
SHK022_023 KZSJ00000234 4.0 8.3 100 % 4.24% 1.7
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
TOTAL 578.7 1,186.4
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In June, 434 transactions were concluded on the secondary market for a total of 198.7 bn KZT ($407.5 mln), which is 2.1 %, or 4.1 bn KZT, higher than the previous month.
In terms of the main categories of investors on the secondary market, banks accounted for 59.9 %, broker-dealer organizations – for 1.0 %, other institutional investors – for 15.9 %, other legal entities – for 22.4 %, and individuals – for 0.6 %. Non-resident participation in trading on the secondary government securities market amounted to 16.1 %.
As of the end of June, GS indices demonstrated the following changes:
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Change
Value per month,
as of 30.06.26 KZT / b.p.
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"Clean" price indices, KZT
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KZGB_CPs with maturity of up to 1 year 1,239.76 +13.32
KZGB_CPm with maturity of 1 to 5 years 974.93 +9.29
KZGB_CPl with maturity of over 5 years 834.39 +12.70
KZGB_CPm1m with maturity of 31 days and up 926.93 +2.64
KZGB_CP without segmentation term 957.75 +3.25
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"Dirty" price indices, KZT
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KZGB_DPs with maturity of up to 1 year 1,578.34 +12.71
KZGB_DPm with maturity of 1 to 5 years 1,337.48 +24.51
KZGB_DPl with maturity of over 5 years 1,206.23 +30.46
KZGB_DPm1m with maturity of 31 days and up 1,240.42 +15.51
KZGB_DP without segmentation term 1,219.41 +13.65
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Yield indices, %
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KZGB_Ys with maturity of up to 1 year 17.04 -1.27
KZGB_Ym with maturity of 1 to 5 years 15.85 -0.34
KZGB_Yl with maturity of over 5 years 14.79 -0.19
KZGB_Ym1m with maturity of 31 days and up 15.91 -0.18
KZGB_Y without segmentation term 15.92 -0.15
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[2026-07-01]