Kazakhstan s stock market cap tops $72 billion

The main contributor to this growth was the share price of companies in the KASE index / Photo: Shutterstock, photo editor: Adelina Mamedova

Kazakhstan’s stock market capitalization reached 39.6 trillion tenge (about $72 billion) as of Sept. 1, 2025. The figure grew 5.1% in August and 20.4% year to date.

Shares of companies listed on the Kazakhstan Stock Exchange (KASE) index — Kaspi.kz (+6.6%), Kazatomprom (+8.7%) and ForteBank (+15.5%) — were the main contributors to this growth, according to the Agency for Regulation and Development of the Financial Market.

In August, the KASE index rose 9% to 6,993 points and has gained 25.4% since the start of the year. However, equity trading volume fell 12.2% to nearly $45 billion, mainly due to significant declines in trading volumes for ForteBank and Kazatomprom securities.

By contrast, the KASE Global sector, which trades foreign equities, showed a 30.1% month-on-month increase in trading volume, rising to about $32 million. Securities from ProShares Trust, Intel, Nvidia and AMD attracted the most investor interest.

Higher activity was also observed in the corporate bond market, with trading volume rising 34% to roughly $914 million, driven mainly by secondary transactions.