KASE Talks opened with the speech of a person who was one of the pioneers of the Kazakhstani stock market and corporate management, the ex-president of Kazakhstan Stock Exchange Azamat Dzholdasbekov. The first lecture of KASE Talks was held yesterday, on March 29. Azamat Myrzadanovich told about the history of development and creation of legislative bases of the stock market of Kazakhstan.
To find out more about detailed presentation prepared by Azamat Myrzadanovich, follow the link: http://kase.kz/files/presentations/ru/18_03_29_KASE_Talks.pdf
At the request of LifeInsurance.kz to express his point of view in response to some experts’ opinion that it is difficult to develop the investment component of life insurance in the current conditions of Kazakhstan stock market development, Andrey Tsalyuk, the Deputy Chairman of KASE's Board said:
- I do not support the idea that our stock market is not developed. Of course, it is not if compared to the American market. But I believe that, what the Kazakhstan Stock Exchange has to offer with that population and that level of economic development, our stock market is very good. But the private pension funds should be returned to the market, so it revives again. And we are standing on the verge of its emergence. Therefore, I think, this is enough for investment life insurance.
In different years Azamat Myrzadanovich led the Almaty Stock Exchange of Financial Instruments (AFINEX), the National Security Committee of the Republic of Kazakhstan. Currently, he is a member of the Boards of Directors - an independent director, the Chairman of the Board of Directors of JSC Central Securities Depository, Chairman of the Board of Directors of the Integrated Securities Registrar, a member of the Boards of Directors - an independent director of Kazkommertsbank JSC, Kazkommerts Securities JSC (a subsidiary of Kazkommertsbank JSC) and a member of the Board of Directors of Kazakhstan Stock Exchange JSC and others.
The purpose of KASE Talks is to increase the awareness of a wide audience about the conditions for the financial market formation in the country and the main factors affecting its development. The task of KASE Talks is further popularization of the financial market of Kazakhstan, as well as providing information on the activities of the KASE and the stock market as a whole.
In 2017, the traded value on KASE increased to the record of 151.5 trillion tenge, capitalization of the share market reached 17 trillion tenge, and the volume of corporate debt circulating on the Exchange was 9.2 trillion tenge. There are securities of 174 issuers on the KASE list today, and the total number of available for trading financial instruments reached 804. The KASE index, breaking the 9-year old maximum, grew by 58% in 2016; by 59% - in 2017, entering the TOP 3 fastest growing stock indices.
Photo per website: kapital.kz