Kazakhstan Stock Exchange Hits Record Trading Volumes in 2025
The Kazakhstan Stock Exchange (KASE) saw strong growth in 2025, with total trading volume climbing to 400.8 trillion tenge (US$784.6 billion). This marked a 3% increase from the previous year, reflecting broader expansion across its markets.
The securities market stood out as one of the fastest-growing segments. Trading volumes in this area surged by 20%, reaching 15.5 trillion tenge (US$30.3 billion). The number of transactions also rose sharply, jumping 74% compared to 2024.
Equity trading followed a similar upward trend, growing by 14.7% to 342.1 billion tenge (US$670 million). Meanwhile, overall stock market capitalisation expanded by 18.7%, hitting 39 trillion tenge (US$76.3 billion). The money market remained the largest segment, with turnover totalling 334 trillion tenge (US$653.8 billion). The foreign exchange market also saw significant activity, with turnover increasing by 35%. By the start of 2026, KASE listed 939 non-government securities from 280 issuers. The exchange added 41 new issuers in 2025, including one equity issuer and 40 corporate bond issuers. No new securities were reported on the Astana Stock Exchange during the same period.
The 2025 figures highlight KASE’s continued growth across multiple sectors. With rising trading volumes, expanded capitalisation, and an increasing number of issuers, the exchange has reinforced its position as a key financial hub in the region.
