Against the background of mass protests in Kazakhstan, the national currency, shares of Kazakhstani companies and government bonds are falling. The tenge rate against the dollar by 17:00 is reduced by 0.14% to 435.4 tenge / $. The euro is 0.57% more expensive against the close and is traded at KZT493.4. The site of the Kazakhstan stock exchange KASE (as well as government sites) did not work by 17:00. The main stock exchange index KASE by 14:00 Moscow time fell by almost 3%.
Kazakhstan’s government bonds are falling in price at the Moscow Exchange, where seven bond issues denominated in rubles are traded. Six out of seven issues lost on Wednesday in price from 0.2% to 4%. The largest volume of transactions (almost 14 million rubles) is observed in the issue of the first series “Kazakhstan 01”. It is losing 0.3% and is trading at 93.6% of par. Another issue with small trading volumes grows in price by 0.02%.
Kaspi.kz bank shares as of 14:30 Moscow time fell in price by 7.4%, to 48,384 tenge on the Kazakhstan Stock Exchange, RBC wrote. At the London Stock Exchange (LSE) depositary receipts are currently falling by 26.14% to $ 87.15 per share.
According to the latest data (14:30 Moscow time), quotes of the world’s largest uranium producer Kazatomprom from Kazakhstan fell by 9.85%: on the Kazakhstan stock exchange Kazatomprom lost 6.96% of capitalization, its shares fell to 15,715 tenge apiece. Some employees of the MAEK-Kazatomprom subsidiary went on strike and joined the protesters. But the company is operating normally, company representatives said.
The quotes of the cellular operator in Kazakhstan Kcell (-3.62%), Halyk Bank (-3.27%), the confectionery enterprise “Bayan Sulu” (-2.83%) and the operator on the main oil pipeline “Kaztransoil” “(-2.65%). This was evidenced by the data of the Kazakhstan Stock Exchange at 14:30 Moscow time.
Protests in Kazakhstan began on January 2 in a number of settlements due to the fact that gas motor fuel rose in price after the New Year (up to 120 tenge per liter, or 20.28 rubles), on January 4 they acquired a nationwide character.
Kazakh President Kassym-Jomart Tokayev introduced a state of emergency until January 19 in several regions of the country and took over as chairman of the Security Council. He replaced the first president of Kazakhstan (1991-2019), Nursultan Nazarbayev, who had been the chairman of the Security Council since 1991, and since 2018 became its “life-long” chairman. In his address to the nation, Tokayev stated that he intends to “act tough” in the fight against the protests.
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