KASE Day in Tashkent takes place in Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) -- On 11 September 2019, Tashkent hosted the "KASE Day in Tashkent", organized by Kazakhstan Stock Exchange JSC (KASE) with the assistance of the Uzbekistan Stock Exchange Toshkent JSC (UZSE).
The event was held as part of a memorandum of cooperation between the two exchanges, signed in September 2018, and was aimed at familiarizing participants with the current situation and prospects for the development of the Kazakhstan stock market, KASE financial instruments and services, conditions for raising capital on the Kazakhstan stock market for Uzbek companies and investment potential.
During the "KASE Day in Tashkent", the opportunities for cooperation between professional participants of the two countries, including mutual admission to exchange markets, were presented and discussed.
The event was attended by financial organizations and issuing companies of the Uzbek stock market, as well as representatives of Kazakhstani brokerage organizations.
“One of the goals of cooperation between exchanges is to create conditions for mutual access for Kazakh and Uzbek bidders and investors to the markets of both countries. In the context of globalization and intensification of integration processes, the need to strengthen bilateral ties is growing. KASE and UZSE, being key infrastructure institutions of national stock markets, also contribute to the strengthening of intercountry economic relations,” Alina Aldambergen, Chairman of the Board of KASE, said.
“KASE has extensive experience in developing and promoting the stock market, shaping the exchange infrastructure and working with clients. The joint organization of educational events - round tables and seminars for both issuers of securities and professional participants in the capital market, demonstrates the productivity of cooperation between the two exchanges, and also facilitates the exchange of experiences and opinions on the most pressing issues of building a trading and clearing infrastructure, creating exchange-traded instruments and technologies, attracting lock international and international clients,” Bekzod Usmonov, Chairman of the Board of UZSE, said.
Kazakhstan Stock Exchange JSC (KASE) is the leading stock exchange in the Central Asian region, operating in the financial market. This is a universal trading platform for repo market instruments, foreign currencies, government and corporate securities, bonds of international financial institutions, as well as derivatives.
KASE is a member of the International Federation of Exchanges (WFE), the Federation of Euro-Asian Stock Exchanges (FEAS) and other international and domestic professional associations. In 2015, KASE joined the UN initiative “Stock Exchanges for Sustainable Development”. KASE ranks second among CIS exchanges in terms of securities trading, and also ranks fifth in terms of market capitalization level of FEAS exchanges.
According to the results of 8 months of 2019, the total volume of trades at KASE reached 80.8 trillion tenge. At the same time, trading volume on the foreign exchange market amounted to 7.7 trillion tenge, on the money market - 69 trillion tenge (repo transactions - 47.6 trillion tenge, swap market - 21.4 trillion tenge).
The trading volume on the government securities market amounted to 1.5 trillion tenge, including the volume of borrowing reached 1.3 trillion tenge.