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KASE exchange volumes grow by 85% in 2007
KASE trading volumes of all instruments grew by 85% to KZT39,506bn (US$322bn) in 2007:
- The Government Securities segment volumes grew by 19% to KZT992.1bn (US$8.1bn)
- The Share segment volumes grew by 113% to KZT1,087.3bn (US$8.9bn)
- The Corporate Bond segment volumes grew by 38% to KZT526.3bn (US$4.3bn)
- The FX segment volumes grew by 112% to KZT11,199.2bn (US$91.4bn)
- The Repo segment volumes grew by 79% to KZT25,700.6bn (US$209.8bn)
In US$ terms the growth for all segments was 90%, due to a stronger KZT in 2007.
The growth of the share segment reflects the increased interest in Kazakh equities, both in the domestic and international markets. Some significant volumes are due to trades to create the GDRs for the Alliance Bank IPO in London, as well as from the take-over of ATF Bank. Average daily volumes were just under US$36m in 2007.
In a year dominated by trades related to corporate deals, Visor Capital retained a leading position on the Equity market with 6.2% of the volumes.
The KASE has announced its intentions to list its shares in 2008, and has already nominated advisors for the IPO.