On October 30, London hosted Kazakhstan Equity Capital Markets Day, an event organized by the Kazakhstan Stock Exchange (KASE) with support from Deutsche Bank, to attract foreign investors.
The event brought together over 130 representatives from leading global firms, international banks, rating agencies, investment companies, and consultancies based in London, including the European Bank for Reconstruction and Development, The Bank of New York Mellon, Moody's Ratings, Dentons UK & Middle East LLP, among others.
The event was attended by representatives from the Agency for Regulation and Development of Financial Market, the National Bank of Kazakhstan, major Kazakhstani “Blue-Chip” issuers listed on the KASE index, financial institutions, and development agencies.
Kazakhstan Equity Capital Markets Day provided potential investors with insights into Kazakhstan’s key macroeconomic indicators, recent developments in the financial market, and the opportunities for international investors to expand their involvement in the Kazakh capital market.
During her presentation, Madina Abylkassymova, Chairperson of the Agency, highlighted efforts to upgrade Kazakhstan’s market status from Frontier Markets to Emerging Markets in the FTSI and MSCI indices. These efforts include currency market liberalization, security-based lending, short selling, and measures to strengthen the stability of the institutional environment.
“The stock market has grown by 53% over the past five years, reaching a market capitalization of 69 billion dollars, equivalent to 27% of GDP. The corporate debt volume stands at 29 billion dollars, with around 30 new issuers entering the market annually. Over the past five years, 19 billion dollars in corporate debt has been raised,” Madina Abylkassymova noted.
As part of the visit, the Agency’s leadership met with representatives of the London Stock Exchange Group. The parties discussed prospects for collaboration, including enhancing Kazakhstan’s market classification under the FTSI indices and attracting investments through the LSE platform.
Additionally, during a meeting with Deutsche Bank’s leadership, discussions focused on developing cooperation and attracting investments, including into Kazakhstan’s banking sector.