Kazakhstan Stock Exchange (KASE)

Country
Kazakhstan
Number of listed companies
103
Domestic market capitalization
45,504
SSE Partner Exchange

Yes

Has annual sustainability report

No

Requires ESG reporting as a listing rule

No

Has written guidance on ESG reporting
Offers ESG related training

No

Has sustainability-related indices

No

Has sustainability bond listing segment

No

Has SME listing platform

No

Additional information
  • Participated in IFC roundtable in London regarding transparency and ESG issues in January 2018. (Source)
Organizational model of stock exchange
  • Private company for profit; demutualized in 1993
Regulatory model
Limited Exchange Self-Regulatory Organization Model
  • The National Bank of Kazakhstan is responsible for the regulation of the securities market in Kazakhstan as delegated by the Republic of Kazakhstan National Commission on Securities in 2001. However, by looking at the stock exchange's website it appears that the stock exchange has limited regulatory authority over listing rules and disclosure. 
About the stock exchange
Location: Almaty, Kazakhstan
  • On November 15, 1993 Kazakhstan introduced the national currency – tenge. On the second day after this event – on November 17, 1993 – the National Bank of the Republic of Kazakhstan and twenty three leading commercial banks of Kazakhstan made the decision to found the currency exchange. The previously existing Center of Interbank Currency Transactions (the Currency Exchange) was the structural subdivision of the National Bank. The main objective set for the new exchange consisted of the organization and development of the national currency market due to introduction of tenge. As the legal entity the exchange was registered on December 30, 1993 under the name Kazakhstan Interbank Currency Exchange with the closed joint-stock company business form. Thus, nowadays the existing Kazakhstan Stock Exchange was formed, and November 17 became its birthday. (Source)
Ownership of Exchange (Shares >4% only) Share
State Institution National Bank of the Republic of Kazakhstan 50.1%
Centrica limited liability partnership 6.9%
Kazkommertsbank JSC 6.3%