“KASE Day in Tashkent” was held in Uzbekistan, organized by the Kazakhstan Stock Exchange

Kazakhstan Stock Exchange Posted

On September 28, 2021, “KASE Day in Tashkent” was held in Uzbekistan, organized by the Kazakhstan Stock Exchange.

During the “KASE Day in Tashkent”, the possibilities of cooperation between professional participants of the two countries, including mutual admission to the stock markets, were presented and discussed.

“The event is aimed at familiarizing participants with the current situation and prospects for the development of the Kazakhstan exchange market, financial instruments and KASE services, conditions for raising capital on the Kazakhstan stock market for Uzbek companies and investment potential,” said Deputy Chairman of the Management Board of KASE Yermek Mazhekenov.

On this day, meetings were held with representatives of major local companies, issuers, investors and professional market participants.

“KASE is more than an exchange. We have been preparing for this event for a long time. We hope that this event will provide great opportunities for our banks, insurance companies, and investors. When we were preparing to sign a memorandum between our exchanges, we kept in mind that it should work. We came to this step with a strong commitment,” said Rashid Usmanov, General Director of the Uzbek Republican Currency Exchange (UZCE).

“Our exchange has developed a strategy for 2021-2023, work on its implementation has already begun. In particular, we have made changes to the listing regulations based on the studied international experience of stock exchanges in a number of countries, including the London Stock Exchange, the Moscow Exchange, as well as the Kazakhstan Stock Exchange,” Chairman of the Board of the Republican Stock Exchange “Toshkent” Bekzod Usmonov said.

The processes of globalization and the intensification of integration processes reinforce the need to strengthen bilateral ties. Therefore, one of the main objectives of the exchanges’ cooperation is to create conditions for mutual access of Kazakh and Uzbek bidders and investors to the markets of both countries.