Overview of KASE's GS Market in July 2026
/KASE, {CURRENT_DATE}/ – Kazakhstan Stock Exchange (KASE) presents a brief overview of the government securities (GS) market based on the results of July 2026.
As of the end of July 2026, the Government Securities sector of KASE contained 104 issues of bonds of the Ministry of Finance of the Republic of Kazakhstan, including 90 issues of MEKAM and 14 issues of Eurobonds, 4 issues of notes of the National Bank of the Republic of Kazakhstan, 306 issues of bonds of local executive bodies and 63 issues of bonds of foreign states.
Based on results of July, the total GS trading volume on KASE amounted to KZT1,001.4 bn ($2.1 bn), an increase of 28.8 %, or KZT224.0 bn, compared to June. The average daily trading volume was KZT45.5 bn (7.7 bn KZT – on the secondary market), the average daily number of transactions was 26 (19 – on the secondary market), and the average transaction value was KZT1.7 bn KZT0.4 bn – on the secondary market).
In July, 162 transactions were concluded on the primary market for a total of KZT831.4 bn ($1.8 bn), which is 43.7 %, or KZT252.7 bn, higher 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
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
07.07.2026 MOM036_0093 KZK200000794 61.0 129.1 х3.4 15.10% 3.0
MUM072_0016 KZKD00001319 57.4 121.6 х3.4 14.40% 5.6
MUM096_0016 KZKD00001327 64.1 135.7 х3.9 14.12% 7.7
MUM156_0008 KZKD00001293 59.5 126.0 х2.7 14.10% 11.9
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
14.07.2026 MKM012_0163 KZK100000449 84.0 176.0 158.3% 16.20% 0.8
MTC084_0001 KZKF00000038 47.0 98.5 х2.3 18.13% 6.8
MTM096_0001 KZKT00000057 47.7 100.0 х3.5 18.93% 4.5
MUM300_0001 KZKD00000725 50.7 106.2 х3.1 13.99% 12.4
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
17.07.2026 AKK047_353 KZMJ00003531 0.6 1.2 100 % 15.04% 3.9
ATK047_356 KZMJ00003564 3.6 7.5 100 % 15.04% 3.9
JTK047_352 KZMJ00003523 11.4 24.2 100 % 15.04% 3.9
KOK047_360 KZMJ00003606 4.5 9.6 100 % 16.72% 3.9
PVK084_354 KZMJ00003549 2.3 4.9 100 % 13.00% 7.0
PVK120_355 KZMJ00003556 0.8 1.6 100 % 13.00% 10.0
VKK047_358 KZMJ00003580 7.0 14.8 100% 15.04% 3.9
VKK047_359 KZMJ00003598 13.0 27.5 100% 16.72% 3.9
ZKK047_357 KZMJ00003572 8.0 16.9 100 % 16.72% 3.9
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
21.07.2026 MOM036_0093 KZK200000794 79.5 168.9 х2.6 15.00% 3.0
MUM072_0016 KZKD00001319 46.2 98.3 х2.8 14.30% 5.5
MUM096_0016 KZKD00001327 22.8 48.5 х4.2 14.00% 7.6
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
23.07.2026 ASK060_021 KZZJ00000219 1.7 3.7 100 % 13.28% 5.0
ASK060_022 KZZJ00000227 0.8 1.7 100 % 13.28% 5.0
KGK084_361 KZMJ00003614 1.0 2.2 100 % 13.28% 7.0
KGK084_363 KZMJ00003630 1.4 3.0 100 % 13.28% 7.0
KGK084_365 KZMJ00003655 0.8 1.8 100 % 13.28% 7.0
KGK120_362 KZMJ00003622 0.4 0.7 100 % 13.28% 10.0
KGK120_364 KZMJ00003648 0.5 1.0 100 % 13.28% 10.0
KGK120_366 KZMJ00003663 0.3 0.6 100 % 13.28% 10.0
KOK022_367 KZMJ00003671 2.1 4.5 100 % 4.24% 1.8
KOK024_293 KZMJ00002939 0.9 1.9 100 % 0.35% 1.7
KSK024_291 KZMJ00002913 1.0 2.1 100 % 0.35% 1.7
SKK024_295 KZMJ00002954 1.0 2.1 100 % 0.35% 1.7
TKK024_321 KZMJ00003218 1.0 2.1 100 % 0.35% 1.9
VKK024_328 KZMJ00003283 3.6 7.8 100% 0.35% 1.9
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
28.07.2026 ARK084_372 KZMJ00003721 5.1 10.7 100 % 14.76% 7.0
ARK120_371 KZMJ00003713 1.7 3.6 100 % 14.76% 10.0
MKM012_0163 KZK100000449 16.1 33.9 148.4% 16.13% 0.8
MOM060_0056 KZK200000786 54.2 114.4 х3.2 14.49% 4.9
MUM156_0008 KZKD00001293 60.4 127.7 х3.0 14.00% 11.8
ZKK084_369 KZMJ00003697 4.9 10.3 100 % 14.76% 7.0
ZKK120_370 KZMJ00003705 1.6 3.4 100 % 14.76% 10.0
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
TOTAL 831.4 1,756.7
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In July, 412 transactions were concluded on the secondary market for a total of KZT170.0 bn ($359.2 mln), which is 14.4 %, or KZT28.7 bn, lower than the previous month.
In terms of the main categories of investors on the secondary market, banks accounted for 59.4 %, broker-dealer organizations – for 0.8 %, other institutional investors – for 13.3 %, other legal entities – for 25.6 %, and individuals – for 0.9 %. Non-resident participation in trading on the secondary government securities market amounted to 19.7 %.
As of the end of July, GS indices demonstrated the following changes:
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Change
Value per month,
as of 31.07.26 KZT / b.p.
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"Clean" price indices, KZT
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KZGB_CPs with maturity of up to 1 year 1,254.03 +14.27
KZGB_CPm with maturity of 1 to 5 years 992.39 +17.46
KZGB_CPl with maturity of over 5 years 854.52 +20.13
KZGB_CPm1m with maturity of 31 days and up 956.26 +29.33
KZGB_CP without segmentation term 988.50 +30.75
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"Dirty" price indices, KZT
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KZGB_DPs with maturity of up to 1 year 1,608.05 +29.71
KZGB_DPm with maturity of 1 to 5 years 1,373.06 +35.58
KZGB_DPl with maturity of over 5 years 1,234.36 +28.13
KZGB_DPm1m with maturity of 31 days and up 1,289.82 +49.40
KZGB_DP without segmentation term 1,263.76 +44.35
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Yield indices, %
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KZGB_Ys with maturity of up to 1 year 15.66 -1.38
KZGB_Ym with maturity of 1 to 5 years 15.12 -0.73
KZGB_Yl with maturity of over 5 years 14.17 -0.62
KZGB_Ym1m with maturity of 31 days and up 14.85 -1.06
KZGB_Y without segmentation term 14.86 -1.06
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[2026-08-03]