FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2012
KYRGYZ STOCK EXCHANGE
In 2009 trading volume of the Kyrgyz
Stock Exchange has decreased 29.4% in
comparison with 2008.
Kumushbek Shamkanov
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%.
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.
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%.