Overview of KASE's GS Market in August 2026
/KASE, September 01, 2026/ – Kazakhstan Stock Exchange (KASE) presents a brief overview of the government securities (GS) market based on the results of August 2026.
As of the end of August 2026, the Government Securities sector of KASE contained 101 issues of bonds of the Ministry of Finance of the Republic of Kazakhstan, including 87 issues of MEKAM and 14 issues of Eurobonds, 4 issues of notes of the National Bank of the Republic of Kazakhstan, 346 issues of bonds of local executive bodies and 62 issues of bonds of foreign states.
Based on results of August, the total GS trading volume on KASE amounted to KZT1,165.9 bn ($2.5 bn), an increase of 16.4 %, or KZT164.5 bn, compared to July. The average daily trading volume was KZT55.5 bn (12.9 bn KZT – on the secondary market), the average daily number of transactions was 28 (20 – on the secondary market), and the average transaction value was KZT2.0 bn KZT0.7 bn – on the secondary market).
In August, 166 transactions were concluded on the primary market for a total of KZT895.0 bn ($1.9 bn), which is 7.7 %, or KZT63.6 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
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
04.08.2026 MKM012_0163 KZK100000449 40.2 84.5 х2.7 16.19% 0.8
MOM060_0056 KZK200000786 61.0 128.3 162.6% 14.50% 4.9
MTC084_0001 KZKF00000038 55.3 116.4 х2.9 18.28% 6.8
MUM300_0001 KZKD00000725 41.9 88.2 х2.7 14.00% 12.4
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
07.08.2026 ATK084_377 KZMJ00003770 1.5 3.2 100 % 14.31% 7.0
ATK120_376 KZMJ00003762 0.5 1.1 100 % 14.31% 10.0
KGK084_374 KZMJ00003747 6.6 14.0 100 % 14.31% 7.0
KGK120_375 KZMJ00003754 2.2 4.7 100 % 14.31% 10.0
KSK084_381 KZMJ00003812 0.9 1.9 100 % 14.31% 7.0
KSK120_380 KZMJ00003804 0.3 0.6 100 % 14.31% 10.0
VKK084_368 KZMJ00003689 1.0 2.1 – 14.31% 7.0
VKK084_378 KZMJ00003788 2.9 6.2 – 14.31% 7.0
VKK120_373 KZMJ00003739 0.6 1.3 – 14.31% 10.0
VKK120_379 KZMJ00003796 0.4 0.9 – 14.31% 10.0
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
11.08.2026 MKM012_0162 KZK100000431 24.1 51.7 х3.8 16.20% 0.5
MTC048_0002 KZKF00000020 47.2 101.2 х3.4 18.24% 3.7
MUM072_0016 KZKD00001319 47.1 101.1 х2.2 14.40% 5.5
MUM096_0016 KZKD00001327 35.5 76.2 х3.0 14.00% 7.6
MUM156_0008 KZKD00001293 53.0 113.6 х2.4 14.00% 11.8
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
14.08.2026 ATK022_382 KZMJ00003820 1.5 3.2 100 % 4.24% 1.8
KGK024_313 KZMJ00003135 1.4 2.9 100 % 0.35% 1.8
KSK024_291 KZMJ00002913 1.3 2.9 100 % 0.35% 1.6
SHK022_023 KZSJ00000234 5.5 11.9 100 % 4.23% 1.6
SKK024_295 KZMJ00002954 2.7 5.9 100 % 0.35% 1.6
TKK024_321 KZMJ00003218 3.4 7.3 100 % 0.35% 1.8
VKK024_328 KZMJ00003283 1.3 2.8 – 0.35% 1.9
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
17.08.2026 AIK084_388 KZMJ00003887 1.4 3.1 100 % 14.31% 7.0
AIK120_390 KZMJ00003903 0.5 1.0 100 % 14.31% 10.0
AKK046_391 KZMJ00003911 0.7 1.5 100 % 16.01% 3.8
AKK084_386 KZMJ00003861 <0.1 0.1 100 % 14.31% 7.0
AKK084_387 KZMJ00003879 0.6 1.2 100 % 14.31% 7.0
AKK120_389 KZMJ00003895 0.2 0.4 100 % 14.31% 10.0
KOK046_398 KZMJ00003986 17.4 37.5 100 % 16.01% 3.8
KSK046_394 KZMJ00003945 6.4 13.8 100 % 16.01% 3.8
MGK046_392 KZMJ00003929 6.8 14.7 100 % 16.01% 3.8
PVK046_393 KZMJ00003937 9.6 20.6 100 % 16.01% 3.8
SHK046_024 KZSJ00000242 3.2 6.9 100 % 17.11% 3.8
VKK046_383 KZMJ00003838 2.1 4.5 – 17.11% 3.8
ZKK046_385 KZMJ00003853 6.1 13.1 100 % 16.01% 3.8
ZKK084_384 KZMJ00003846 1.3 2.8 100 % 14.31% 7.0
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
18.08.2026 DZK024_311 KZMJ00003119 1.4 3.0 100 % 0.35% 1.8
MOM048_0056 KZK200000760 80.3 174.1 190.5% 15.00% 3.0
MOM060_0056 KZK200000786 52.2 113.1 186.7% 14.40% 4.8
MTC084_0001 KZKF00000038 68.8 149.2 х3.7 18.10% 6.7
MUM300_0001 KZKD00000725 17.2 37.2 х2.2 14.00% 12.3
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
19.08.2026 TKK060_397 KZMJ00003978 0.5 1.0 100 % 14.31% 5.0
TKK084_396 KZMJ00003960 1.8 3.8 100 % 14.31% 7.0
TKK120_395 KZMJ00003952 0.6 1.3 100 % 14.31% 10.0
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
21.08.2026 ABK084_399 KZMJ00003994 3.1 6.8 100 % 14.31% 7.0
ABK084_403 KZMJ00004034 1.8 4.0 100 % 14.31% 7.0
ABK120_400 KZMJ00004000 1.0 2.3 100 % 14.31% 10.0
ABK120_404 KZMJ00004042 0.6 1.3 100 % 14.31% 10.0
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
24.08.2026 UTK046_401 KZMJ00004018 1.9 4.2 100 % 16.01% 3.8
ZKK046_405 KZMJ00004059 0.9 2.0 100 % 16.01% 3.8
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
25.08.2026 MTC048_0002 KZKF00000020 31.7 69.2 х2.7 18.30% 3.7
MUM072_0016 KZKD00001319 67.1 146.5 147.8% 14.41% 5.4
MUM156_0008 KZKD00001293 57.7 126.1 154.9% 14.00% 11.7
PVK084_407 KZMJ00004075 1.6 3.5 100 % 14.31% 7.0
PVK120_408 KZMJ00004083 0.5 1.2 100 % 14.31% 10.0
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
27.08.2026 JTK046_402 KZMJ00004026 3.6 7.9 100 % 17.11% 3.8
MGK022_406 KZMJ00004067 2.5 5.4 100 % 4.24% 1.8
SHK046_025 KZSJ00000259 2.0 4.4 100 % 16.01% 3.8
SHK046_026 KZSJ00000267 0.2 0.5 100 % 17.11% 3.8
UTK046_409 KZMJ00004091 0.4 0.9 100 % 17.11% 3.8
---------------- ----------- ------------ --------------- --------------- ------ ----------------- -----------------
TOTAL 895.0 1,924.0
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In August, 413 transactions were concluded on the secondary market for a total of KZT270.9 bn ($583.2 mln), which is 59.4 %, or KZT100.9 bn, higher than the previous month.
In terms of the main categories of investors on the secondary market, banks accounted for 44.5 %, broker-dealer organizations – for 8.8 %, other institutional investors – for 22.3 %, other legal entities – for 24.2 %, and individuals – for 0.1 %. Non-resident participation in trading on the secondary government securities market amounted to 19.0 %.
As of the end of August, GS indices demonstrated the following changes:
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Change
Value per month,
as of 31.08.26 KZT / b.p.
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"Clean" price indices, KZT
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KZGB_CPs with maturity of up to 1 year 1,257.15 +3.12
KZGB_CPm with maturity of 1 to 5 years 993.26 +0.87
KZGB_CPl with maturity of over 5 years 845.73 -8.79
KZGB_CPm1m with maturity of 31 days and up 955.82 -0.44
KZGB_CP without segmentation term 985.99 -2.51
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"Dirty" price indices, KZT
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KZGB_DPs with maturity of up to 1 year 1,623.90 +15.85
KZGB_DPm with maturity of 1 to 5 years 1,387.39 +14.33
KZGB_DPl with maturity of over 5 years 1,231.98 -2.38
KZGB_DPm1m with maturity of 31 days and up 1,301.43 +11.61
KZGB_DP without segmentation term 1,271.53 +7.77
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Yield indices, %
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KZGB_Ys with maturity of up to 1 year 16.15 +0.49
KZGB_Ym with maturity of 1 to 5 years 15.07 -0.05
KZGB_Yl with maturity of over 5 years 14.20 +0.03
KZGB_Ym1m with maturity of 31 days and up 14.96 +0.11
KZGB_Y without segmentation term 14.97 +0.11
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[2026-09-01]