ANNUAL REPORT JUNE 2010
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
KYRGYZ STOCK EXCHANGE
In 2009 trading volume of the Kyrgyz Stock
Exchange (KSE) has decreased 29.4% in
comparison with 2008.
Aibek Tolubaev
President
In 2009 trading volume of the Kyrgyz Stock
Exchange (KSE) has decreased by 29.4% in
comparison with 2008 and the volume totaled
2,95 billion KG Som (about US$ 66 million).
The total quantity of the transactions has
decreased by 72.8% represented by 926
transactions.
In listing sector trading volume has increased
on 41.3% in comparison with 2008 and
totaled 842.8 million KG Som (about US$ 19,1
million).
In non listing sector trading volume has
decreased by 41,2% in comparison with 2008
and totaled 2,1 billion KG Som (about US$
46.9 million).
Trading volume of primary market totaled 1,52
billion KG Som (about US$ 34,7 million), in
comparison with volume of 2008 it has
increased by 69,0%.
Trading volume of secondary market totaled
1.43 billion KG Som (about US$ 31,3 million),
in comparison with volume of 2008 it has
decreased by 56,6%.
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 2010 are:
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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• Transfer of government treasury bills’
circulation of the trade area of KSE
• Circulation of securities of «blue chips»
• Development of corporate equity market
and capital formation by domestic companies
• Development of listing and market making
• Development of municipal equity market
• Integration with the cross markets and
international exchanges.