ASTANA, Kazakhstan, June 9. Interest from
Azerbaijani institutional investors in Kazakhstani financial
instruments continues to grow, said Yermek Mazhekenov, Deputy
Chairman of the Management Board of the Kazakhstan Stock Exchange
(KASE), in an exclusive interview with Trend.
According to him, this interest is gradually increasing, with
Azerbaijani institutional investors already closely monitoring
Eurobonds of Kazakhstan’s quasi-sovereign issuers and the KASE
index.
“At the same time, retail investors are still only observing,
largely due to regulatory differences and the lack of analytical
coverage of Kazakhstani companies by Azerbaijani brokers,” he
noted.
In cooperation with the Baku Stock Exchange, KASE is exploring
the possibility of pilot cross-listings of corporate bonds and
shares.
“However, any further steps will depend on demand from issuers
and regulatory approval procedures. This move would also increase
the visibility of Kazakhstani issuers for Azerbaijani brokerage
firms,” Mazhekenov emphasized.
The Kazakhstan Stock Exchange (KASE), established in 1993 and
headquartered in Almaty, is the primary securities exchange in
Kazakhstan. It plays a pivotal role in the country’s financial
system, offering a platform for trading a diverse range of
financial instruments.
