AIFC presents analytical report on capital market based on AIX exchange activities

This analytical report aims to provide a detailed review and analysis of the Astana International Exchange (AIX) activities in 2023, offering valuable insights for the private sector, government agencies and the general public regarding the state, trends and structure of the capital market. Against the backdrop of Air Astana’s highly anticipated Initial Public Offering (IPO) and the increased interest in the stock market among investors, this report holds significant relevance.

In 2023, AIX marked a series of historical highs across various key indicators, including growth in the number of retail investors (+1,05 million new accounts), index level of AIX QAZAQ Index (1 217 points), trading volumes (USD 582 million), and debt capital raised (USD +2 billion).

Market capitalisation surged to an all-time high in 2023, reaching $62,6 billion (+63% increase over the year).

In 2023, shares experiencing the highest growth in value included Bank Centre Credit (+56%), Kazatomprom (+46%), Polymetal (+38%), (+37%) and Halyk Bank (+33%).

The number of investors on the Tabys trading platform has surpassed 45 thousand individuals, with 32,6% classified as active investors. Tabys application offers a range of financial products, including 16 Exchange-Traded Notes (ETNs) with a starting investment as low as $6. Tabys is accessible to both residents and non-residents of the Republic of Kazakhstan aged 16 years and older.

AIX was established in 2017 as a part of the Astana International Financial Centre (AIFC) development. AIX’s shareholders include the AIFC, Shanghai Stock Exchange, Silk Road Fund and NASDAQ, which provides the AIX trading platform. AIX is dedicated to cultivating robust and liquid capital markets in Central Asia and beyond, achieving this mission through the provision of innovative products and services for businesses and investors.

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