Kazakhstan Stock Exchange (KASE) and Moscow Exchange (MOEX) signed a cooperation agreement

Kazakhstan Stock Exchange (KASE) and Moscow Exchange (MOEX) signed a cooperation agreement related to the equities market. According to experts, the agreement is important for the strengthening of the international financial platform of the Eurasian Economic Union and also provides the opportunity for the stock markets to easily trade securities and attract more investors. The Russian stock exchange acquired 20 per cent of KASE shares. The number of investments and tools are being discussed by the stock exchange experts. Some of the advantages available with the KASE-MOEX partnership including the opportunity for Kazakh companies to sell their shares in Russia as well as the transfer of technology and exchange of experience between issuers, shareholders and traders.  

DANIYAR AKISHEV, CHAIRMAN, NATIONAL BANK OF KAZAKHSTAN:

 - We identify Moscow Exchange as a reliable strategic partner for the Kazakhstan Stock Exchange. We are planning to implement many projects that will benefit the economies of our countries. First of all, we want to focus on the securities market and the corporate issuers. I think that we have vast cooperation opportunities.  

ALEXANDER AFANASIEV, CEO OF MOSCOW EXCHANGE:

 - We are set to share the biggest assets that we have – our experience and innovations. The amount of foreign members at the stock exchange is growing totalling almost half of the stock and derivatives markets. The domestic demand is gaining momentum because we put a lot of effort to attract our citizens in the stock operations. The proportion of securities in the population’s assets and savings has doubled.