KASE index on August 26 decreased by 2.4 % - up to 2037.90
Following the results of the tenders of the shares at the Kazakhstan stock exchange (KASE) on August 26, 2008 KASE index decreased by 50.70 items (2.4 %) - from 2088.60 up to 2037.90, the agency reports.
Almaty. August 26. Kazakhstan Today - Following the results of the tenders of the shares at the Kazakhstan stock exchange (KASE) on August 26, 2008 KASE index decreased by 50.70 items (2.4 %) - from 2088.60 up to 2037.90, the agency reports.
According to the stock exchange, the first transaction of the day registered the value of the index at the level of 2095.56. During the tenders maximum value of the index made 2102.16 and minimum - 2037.90.
"Volume of transactions of shares included in the representation index list, on August 26 in comparison with the last trading day in tenge equivalent has increased by 16.4 times and has made 384.7 million KZT, or $3210 thousand," the stock exchange informs.
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The prospects for Kazakhstan’s economic development look positive in the medium term," said ADB Country Operations Head in Kazakhstan Iskandar Gulamov.
However, the economy’s dependence on commodities makes such growth volatile-so structural reforms are key to bolstering the country’s economic resilience and sustainability," he added.
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Investment growth in Kazakhstan is also projected to moderate, reaching 14.5% in 2024 and 9.0% in 2025, following the completion of significant infrastructure projects. Despite the support from state-sponsored housing construction initiatives and endeavors to attract foreign investment, these factors are expected to contribute to the overall moderation in investment growth.
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ADB forecasts that service prices are forecast to be the main source of inflation, rising 9.8% in 2024 and 8.1% in 2025 due to government-announced increases in utility prices.
The National Bank of Kazakhstan will gradually ease monetary policy and reduce the policy rate in line with the decline in inflation and inflationary expectations. However, rising utility prices and continued strong domestic demand will keep inflation above the National Bank's 5% target.
Caucasus and Central Asia economies
According to an ADB report, Caucasus and Central Asia economies will slow after the boost from re-exports and Russian migrant inflows in 2023. Growth in the subregion is forecast to fall to 4.3% in 2024, down from 5.3% in 2023 bouncing back to 5.0% in 2025.
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7th meeting of the Committee for Cooperation of the Republic of Kazakhstan - European Union in trade configuration was held
Images | Ministry of Trade and Integration
On April 9, 2024, in Brussels the 7th meeting of the RK-EU Cooperation Committee in a trade configuration chaired by the Vice-Minister of Trade and Integration of the RK Kairat Torebaev and Acting Director of Directorate E in the European Commission's Directorate-General for Trade and Chief Advisor to the Director-General, Management with Southern Neighbors, the Middle East, Turkey, Russia and Central Asia Leon Delvauxб press service of the Ministry of Trade and Integration reports.
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Moreover, following the results of the 7th meeting, an agreement was reached on the arbitrators in accordance with Article 196 of the EPCA.
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