Kazakhstan Stock Exchange

Exchange entity Kazakhstan Stock Exchange (KASE)
Conducts business in Kazakhstan
Number of listed companies (KASE, dec./16) 98
Domestic market capitalization (in Millions USD, dec./16) 40,130
Has signed the SSE Commitment Letter? Yes
Has prepared SSE Communication to Stakeholders? No
Requires ESG reporting as a listing rule? No
Offers written guidance on ESG reporting? Yes
Offers ESG related training? No
Provides sustainability-related indices? No
Offers green bonds listings? No
Additional Information
Organizational model of stock exchange
  • Private company for profit; demutualized in 1993
Regulatory bodies
Regulatory model
  • Limited Exchange Self-Regulatory Organization Model The National Bank of Kazakhstan is responsible for the regulation of the securities market in Kazakhstan as delegated by the Republic of Kazakhstan National Commission on Securities in 2001. However, by looking at the stock exchange's website it appears that the stock exchange has limited regulatory authority over listing rules and disclosure. 
About the stock exchange
  • Location: Almaty, Kazakhstan On November 15, 1993 Kazakhstan introduced the national currency – tenge. On the second day after this event – on November 17, 1993 – the National Bank of the Republic of Kazakhstan and twenty three leading commercial banks of Kazakhstan made the decision to found the currency exchange. The previously existed Center of Interbank Currency Transactions (the Currency Exchange) was the structural subdivision of the National Bank. The main objective set for the new exchange consisted in organization and development of the national currency market due to introduction of tenge. As the legal entity the exchange was registered on December 30, 1993 under the name Kazakhstan Interbank Currency Exchange with the closed joint-stock company business form. Thus, nowadays existing Kazakhstan Stock Exchange was formed, and November 17 became its birthday. Source
Ownership of Exchange (Shares >4% only) Share
State Institution National Bank of the Republic of Kazakhstan 50.1%
Centras Invest MCO limited liability partnership 4.70%