The Republic of Kazakhstan’s competitiveness of securities market

Abstract

This article observes the formation, development and competitiveness of the modern Kazakhstan stock exchange market for the previous years. The major key factors and indicators influencing growth and competitiveness of the exchange are a share in the market of the companies, which carried out IPO, trading volumes and capitalization. The development strategy of the Kazakhstan stock exchange market for 2011-2013, assigns the special part to implementation of the National IPO program, which results considerably influenced on the development of the exchange and securities market in general. The article analyses such indicators of the Kazakhstan stock exchange market as number of transactions, trading volumes, the prices and a percentage share in the market on the most liquid stocks of issuers for November, 2015. The comparative analysis of trading volumes for the last three years on all tools of the Kazakhstan stock exchange and the comparative analysis of capitalization of stock market of the Kazakhstan stock exchange and stock exchange of Kyrgyzstan is carried out here. During the research, tasks for increase the competitiveness of the Kazakhstan stock exchange market within the Development Concept of financial sector of the Republic of Kazakhstan until 2030 were allocated, and conclusions about competitiveness of securities market were presented.