Tuesday, 29 September 2026
+12°762 mmHg
$ 441.77 ▼€ 502.38 ▼₽ 5.23 ▼
kzruen
Shanraq.org Shanraq.org
Sign in

← Economy

KASE Index Falls 0.83%: Which Stocks Pulled Kazakhstan’s Market Lower on September 28
Daulet Baimurza (karma: 113) · 29.09.26 · 2 ·1 min read
Economy

KASE Index Falls 0.83%: Which Stocks Pulled Kazakhstan’s Market Lower on September 28

The Kazakhstan Stock Exchange index closed September 28 at 7,721.69 points, down 0.83%, while turnover in index shares increased to KZT 792.4 million. Kazatomprom, Kaspi.kz, and KazTransOil were among the largest decliners. Here is why one session should not be confused with a lasting trend.

Session results

The KASE Index lost 64.40 points to close at 7,721.69, down 0.83%. Turnover in index shares rose 11.8% to KZT 792.4 million. Kazatomprom fell 4.4%, Kaspi.kz 1.2%, and KazTransOil 1.4%, while Halyk Bank, Kcell, and Kazakhtelecom ended higher.

Why turnover rose as prices fell

Volume shows how much changed hands; the index reflects price movements adjusted for component weight and free float. Heavy selling can increase turnover and lower the market simultaneously. A large component also matters more than a small one.

One day is not a trend

After the session, the index remained 9.8% above the start of the year and 8.1% higher than 365 days earlier, despite losing 5% over a month. Time horizon, risk, and company-specific causes matter. This explains market statistics and is not investment advice.

Source: KASE.

If you have found a mistake or a typo in this article, tell us about it

Read next

Economy

Shulhani: Trading in Money Is Haram

The shulhani was the money changer at his table in the Temple of Jerusalem, swapping foreign coin for the Tyrian shekel — the only currency the temple tax could be paid in. He took four to eight per cent and produced nothing: his income came from the fact that somebody else's payment was compulsory. Jesus overturned his tables.

Economy

Palantir: The Company That Cannot Be Outvoted

People have argued about Palantir for twenty years, but about the wrong thing. It started in 2003 on money from the CIA's venture fund and hides nothing about what it does — its chief executive says so publicly. What matters is not the founders' rhetoric but the charter: one class of shares gives them 49.999999% of the vote.

Economy

Blind Spots: What Neither Kazakhstan's Admirers Nor Its Critics Can See

Four lenses write about Kazakhstan — the official, the critical, the business and the geopolitical — and each is built not to notice something. We gather the figures without a lens and examine what none of them sees: the country measures its summit, while the strength of an economy is decided at its floor, not its peak.

Comments (0)

No comments yet. Be the first.