Kazakhstan’s AIX and KASE exchanges will merge in the spring of 2024

The Kazakhstan stock exchanges KASE and AIX will merge in March 2024. About this reported Interfax-Kazakhstan with reference to the Chairman of the Board of KASE Alina Aldambergen.

As of 14:27 Moscow time, the KASE index was 4065.63 points (+0.2%). Since the beginning of the year, the benchmark has grown by 25%. The AIX index at this time amounted to 1164.16 points (+0.59%). Since the beginning of 2023, the figure has increased by 22.76%.

The head of KASE explained that the two trading platforms are not subject to general legislation. Their activities are controlled by two different regulators, and this “raises questions,” Aldambergen emphasized.

The form of combining the assets of the two exchanges has not yet been determined. According to the head of KASE, the platform simultaneously trades both Kazakh and foreign instruments. It could introduce AIX tools, but this would require approval from the second exchange’s regulator.

President of Kazakhstan Kassym-Jomart Tokayev instructed to combine the potentials of KASE and AIX during his address to the people on September 1. The head of state believes that such a step is necessary to increase the attractiveness and development of the Kazakh stock market. In his opinion, two exchanges for the financial system of the republic are excess.

AIX presents securities of large Russian companies. In particular, retailers Ozon and O’Key, as well as the agricultural holding, were approved for listing on the trading platform.Rusagro“and a gold mining company Polymetal. There are about 30 brokers working on the exchange, including the Russian IVA Partners, Renaissance Broker, Renaissance Capital and BKS.

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