How to purchase shares on the Kazakhstan Stock Exchange (KASE)?
Individuals invest in issue-grade securities or other financial instruments on the stock market through services of professional securities market participants holding licenses for brokerage and dealing activity or investment portfolio management.
How are stock exchange transactions made?
The trading participants must apply for purchase / sale of a financial instrument. The transaction is concluded if two counter applications (one - for purchase, another - for sale) meet each other's conditions.
Who is broker?
The broker is a professional securities market participant, shall have a specialized license and make transactions with issue-grade securities and other financial instruments by order, at the expense and in the interests of the client (investor).
What is the Central Securities Depository (CSD)?
Central Securities Depository JSC is a specialized non-profit organization, the only one in the Republic of Kazakhstan, that performs depository activities, namely, activities related to the safekeeping and discount of securities.
What is the benefit of holding shares?
Income on shares is divided into two categories:
How are the dividends paid?
The procedure for payment of dividends shall be governed by the Charter and the dividend policy of the issuer, as well as the Law of the Republic of Kazakhstan on Joint-Stock Companies (Articles 22, 23 and 24).
Are the dividends on shares subject to tax?
According to the Tax Code of Kazakhstan, dividends and interest on securities officially listed on a Kazakhstan stock exchange on the date of accrual of such dividends and interests, shall be excluded the taxable income of individuals and legal entities (other than income paid to a branch, representative office or permanent establishment of a non-resident).
What are the shareholder’s rights?
As specified in Article 14 of the Law of the Republic of Kazakhstan on Joint-Stock Companies the Company’s shareholder shall be entitled to: