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IOMA / IOCA Annual Conference
12 May 2008 - 14 May 2008
Malaysia
hosted by Bursa Malaysia
http://www.world-exchanges.org
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 Kazakhstan Stock Exchange
KAZAKHSTAN SE CEO Message
In 2007 the Kazakhstan Stock Exchange (KASE) has become a commercial entity, expanded and modified its organizational structure, and launched the process of preparation for IPO (de-mutualization of KASE). The volume of trades at KASE nearly doubled in compare to 2006. The overall volume of trades in all sectors of the market achieved USD 322.5 billion with repo market representing 65 percent of the total market turnover.
In 2008 KASE plans to take rigorous and decisive steps in fulfillment of its development strategy adopted last year. The strategy is aimed at becoming a successful commercial entity adhering to internationally accepted standards and best practices essential for integration of Kazakhstans securities market into the global financial system. Along the lines of this strategy, KASE undergoes operational and structural changes devoted to commercialization and additional capitalization of KASE. KASE would like to act as an etalon of a joint stock company and securities issuer in Kazakhstan setting an example for other listed companies in terms of corporate governance, management and information transparency.
Based on the original intentions highlighted in the development strategy, as well as results of the recently conducted survey among the KASE members, KASE is planning to modify, develop and improve its services. In particular, KASE would like to expand the range of traded financial instruments, modify its listing requirements and settlement procedures, work out the automated system of information disclosure, modify its trading system, conduct the software and hardware upgrade, finalize and launch an improved version of the web-site, among other.
With new reforms, KASE hopes to further develop Kazakhstans securities market reaching high international standards, contribute to the overall economic development of the country, as well as promote development of the financial markets in the Central Asian region.
Kazakhstan SE page on FEAS Website »
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