FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT APRIL 2009
KYRGYZ STOCK EXCHANGE
In 2009 the Kyrgyz Stock Exchange’s total
trading volume in stocks was almost
US$ 30 million.
Aibek Tolubaev
President
In 2009 the Kyrgyz Stock Exchange’s total
trading volume in stocks was almost US$ 30
million.
HISTORY AND DEVELOPMENT FUTURE OUTLOOK
The KSE was founded in 1994. The official
opening and the first trade in stocks took
place in May 1995, while the privatization
process was in full swing in our country. Priorities for the KSE in 2009 are:
• Continue work on the introduction of a
cryptographic information security system to
be used in the process of trading;
• Development of uniform rules of listing and
delisting in the Kyrgyz Republic;
• Continue the work on engaging Kyrgyz
company securities to list on KSE;
• Continue participation in the Privatization
program – sell / buy securities owned by the
government on the KSE; and continue
towards the realization of the project which
will organize state securities trading on KSE.
At the initial stage of its existence and up until
2000, the KSE had functioned as a non-profit
organization with a total membership of 16. In
May 2000 the KSE was transformed into a
joint-stock company; simultaneously we
acquired one of the largest shareholders and
a reliable partner the Istanbul Stock
Exchange, which has actively assisted us in
improving our activities. In 2001 the
Kazakhstan Stock Exchange became a
shareholder allowing the KSE to significantly
increase its technical software potential. At
present the KSE is a closed-type non-profit
joint-stock company with 17 shareholders.
A significant contribution has been made by
the US Agency on International Development
(USAID) for the sake of our continued
development. Thanks to the USAID, the KSE
has obtained powerful financial support that
has allowed our Exchange become
independent.
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