AGL 38.50 Increased By ▲ 0.93 (2.48%)
AIRLINK 131.50 Decreased By ▼ -1.00 (-0.75%)
BOP 5.60 Decreased By ▼ -0.04 (-0.71%)
CNERGY 3.83 Increased By ▲ 0.06 (1.59%)
DCL 8.65 Decreased By ▼ -0.22 (-2.48%)
DFML 40.90 Decreased By ▼ -0.10 (-0.24%)
DGKC 89.05 Decreased By ▼ -1.11 (-1.23%)
FCCL 35.22 Increased By ▲ 0.14 (0.4%)
FFBL 66.45 Decreased By ▼ -0.05 (-0.08%)
FFL 10.49 Increased By ▲ 0.34 (3.35%)
HUBC 109.35 Increased By ▲ 2.95 (2.77%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.83 Decreased By ▼ -0.03 (-0.62%)
KOSM 7.05 Increased By ▲ 0.20 (2.92%)
MLCF 42.33 Increased By ▲ 0.53 (1.27%)
NBP 59.47 Increased By ▲ 0.89 (1.52%)
OGDC 183.63 Increased By ▲ 2.38 (1.31%)
PAEL 25.55 Decreased By ▼ -0.15 (-0.58%)
PIBTL 5.91 Increased By ▲ 0.08 (1.37%)
PPL 147.50 Decreased By ▼ -0.90 (-0.61%)
PRL 23.46 Increased By ▲ 0.24 (1.03%)
PTC 16.46 Increased By ▲ 1.22 (8.01%)
SEARL 69.20 Increased By ▲ 0.41 (0.6%)
TELE 7.25 Increased By ▲ 0.01 (0.14%)
TOMCL 35.75 Decreased By ▼ -0.25 (-0.69%)
TPLP 7.57 Increased By ▲ 0.17 (2.3%)
TREET 14.15 Decreased By ▼ -0.09 (-0.63%)
TRG 50.70 Decreased By ▼ -0.15 (-0.29%)
UNITY 26.83 Increased By ▲ 0.43 (1.63%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,805 Increased By 36.9 (0.38%)
BR30 29,754 Increased By 353.9 (1.2%)
KSE100 92,254 Increased By 316.2 (0.34%)
KSE30 28,799 Increased By 55.3 (0.19%)

Kazakhstan's new foreign investment hub the Astana International Financial Centre (AIFC) has asked the government for exclusive rights to public offerings of some of the country's most prized assets due to be sold later this year. The Central Asian nation plans to float its flagship carrier, Air Astana, former monopoly Kazakhtelecom and the world's biggest uranium miner Kazatomprom in 2018.
Large Kazakh companies, both state-owned and private, have usually listed both abroad, where they raised most cash, and at home. However the new bourse, in which the Shanghai Stock Exchange holds a 25 percent stake, has bold ambitions to make Astana a new hub.
"It is crucial to us that the initial public offerings are done on the AIFC platform because this is the only, historic chance for the Kazakh stock market to really start attracting liquidity," AIFC governor Kairat Kelimbetov told Reuters. Dual listings, he said, end up shifting liquidity from the smaller market towards the bigger one.

Copyright Reuters, 2018

Comments

Comments are closed.