Capitalization of the stock market as of April 1, 2025 was 31.8 trillion KZT, down by 0.8% or 264.2 billion KZT during March 2025 (a 3.4%  contraction since the beginning of 2025), mainly due to falling prices for shares included in the representative list of KASE Index – Kaspi.kz JSC (-8.6%) and NAC Kazatomprom JSC (-6.9%).

KASE Index in March 2025 rose by 0.7% to 5,658.74 (a 1.4% growth since the beginning of 2025).

Volume of stock trading in March 2025 made 19.4 billion KZT, a 25.1% slump of 6.5 billion KZT over the month mainly due to a shrinking volume of trading in shares of NC KazMunayGas JSC, KEGOC JSC and Kaspi.kz JSC.

As of April 1, 2025, trading lists of Kazakhstan Stock Exchange JSC (hereinafter referred to as KASE) included shares of 96 names from 81 issuers of Kazakhstan.

As of April 1, 2025, KASE Global sector contained 47 names of shares and 17 ETFs of 58 foreign issuers. Total volume of transactions closed in KASE Global sector in March 2025 made 5.3 billion KZT, a 15.9% decrease over the month, mainly due to a shrinking volume of trading in shares of ProShares Trust, NVIDIA Corp., Tesla, Inc.

Volume of corporate debt traded on KASE in March 2025 edged up by 0.4% to 13.7 trillion KZT (a 0.2% decline since the beginning of 2025).

Volume of corporate bond trading on KASE in March 2025 contracted by 29.8% or by 59.5 billion KZT month-on-month to 140.5 billion KZT, mainly due to a 33.0% plunge of the trading volume on the primary market to 77.7 billion KZT.

As of April 1, 2025, KASE trading lists contained 530 corporate bond issues of 129 issuers (511 corporate bond issues of 126 issuers as of January 1, 2025).

Government debt traded on KASE expanded by 2.4% or 0.7 trillion KZT in March 2025 to 28.6 trillion KZT (a 5.8% increase of 1.6 trillion KZT since the beginning of 2025). The total trading volume of government securities on KASE at the end of March 2025 stood at 954.5 billion KZT, a 42.3% surge over the month.

Trading volume on the primary market of government securities in March 2025 soared by 19.4% to 614.4 billion KZT. Placement of 12 bond issues by the Ministry of Finance of the Republic of Kazakhstan with a yield to maturity of 14.10-15.60% accounted for the entire volume.

As of April 1, 2025, 58 mutual investment funds operated in the collective investment market, these included 24 interval, 33 closed and 1 open.

Assets under management in the mutual investment market as of April 1, 2025 amounted to 359.5 billion KZT, a 3.4% decrease of 11.7 billion KZT in March 2025 (a 2.2% increase since the beginning of the year), mainly due to negative revaluation of foreign currency of individual investment funds. As of April 1, 2025, portfolio of securities made 305.4 billion KZT or 84.9% of the total assets of mutual investment funds.

The institutional structure of the securities market as of April 1, 2025 is represented by 40 brokers and dealers (16 banks and 24 non-banking organizations), 11 custodian banks, 21 investment portfolio managers, 3 transfer agents, as well as 3 infrastructure organizations: KASE, KASE Clearing Center and Central Securities Depository, which also performs functions of a single registrar and trade repository.

In March 2025, number of accounts in the nominal holding system of the Central Securities Depository increased by 2.8% and amounted to 3,970.5 k accounts, where:

- number of sub-accounts of depositor clients rose by 1.1 k or 0.2% to 689.0 k sub-accounts (an increase of 3.6 k or 0.5% since the beginning of 2025);

- number of personal accounts opened by brokers and recorded through aggregated omnibus accounts surged by 107.8 k or 3.4% to 3,281.5 k (an increase of 466.1 k or 16.6% since early 2025).

Assets of professional participants in the securities market as of April 1, 2025 stood at 542.1 billion KZT, a 15.4% reduction of 98.7 billion KZT since March 2025 (a 29.5% plunge since the beginning of the year). Shrinking assets are attributed to termination of the license of First Heartland Securities JSC upon its voluntary appeal.

Liabilities rose by 1.4% or 1.6 billion KZT to 116.2 billion KZT (a 51.8% slash since the beginning of the year), due to occurrence of liabilities on raised loans

Equity capital shrank by 19.1% or 100.3 billion KZT to 425.9 billion KZT, which is attributed to termination of a license of one market participant.

Source : https://www.gov.kz/memleket/entities/ardfm/press/news/details/988345?lang=kk