The trading volume of the ruble-tenge currency pair on the Kazakhstan Stock Exchange (KASE) in June amounted to 366 billion KZT ($770 million). This is a nearly threefold increase compared to May’s trading volume, and the highest trading volume since December 2023.
The most significant growth in daily trading volume occurred after June 12, when U.S. sanctions were imposed on the Moscow Exchange (which holds a 13.1% stake in KASE).
In the first five months, the average trading volume of the ruble-tenge pair was 191 billion KZT ($400 million). According to the head of the exchange, Alina Aldambergen, the surge last month could be due to seasonal factors.
Some participants in the Russian stock market have suspended input and output of Kazakhstani tenge to clients’ brokerage accounts since July 15. These measures are connected with the complications of settlements between participants in exchange trades in the Kazakhstani tenge and the increase in time for input/withdrawal of currency and settlements on deals with it.
