Astana International Exchange (“AIX”, “Exchange”) is pleased to announce the launch of the AIX Qazaq Index (“AIXQI” “Index”), which measures the performance of the shares of Kazakhstan linked companies. AIXQI is a market-capitalization weighted index with maximum weight cap.
AIX Index is comprised of Equity and GDR securities of 8 Kazakhstani and Kazakhstan linked companies traded on AIX, Kazakhstan Stock Exchange, and London Stock Exchange. Kazakhstani companies and Kazakhstan linked include those either registered in Kazakhstan or whose business income is generated partially or fully in Kazakhstan or substantial portion of operational activity is in Kazakhstan. The AIXQI was launched with base value 1,000.00 points as of July 1st, 2021. The AIXQI comes with its own methodology, which is available to the public, and an ad hoc Index Committee will oversee its governance. It was developed by Halyk Finance JSC commissioned by AIX.
Renat Bekturov, CEO of AIX, stated:
“The AIX Qazaq Index is designed to reflect performance of the most liquid shares and it is expected to become a benchmark for the Kazakhstan capital market. We believe it will serve both international and local investors as a reliable barometer that shows the overall conditions of the market and will serve as a launchpad for the creation of new investment solutions.”
Farkhad Okhonov, CEO of Halyk Finance, stated:
“Halyk Finance has been partnering with AIX in a number of areas since 2018. And the development of this new Index is yet another product of our collaboration that will enhance transparency and efficiency of Kazakhstan securities market. As an investment manager, we are highly convinced that the launch of the index will form a solid ground for further development of new investment products and increase the capital inflow to the local securities market.”
Base currency for the Index is Kazakhstan Tenge (KZT). The Index price data, constituents and weights will be published once per day initially based on previous day closing prices on the AIX website under a dedicated section.
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AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details:www.aix.kz
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The Astana International Financial Centre was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020. In accordance with the strategy, the vision of AIFC is in becomin. K k.k.,g the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe. The mission of the AIFC is in assisting the sustainable and long-term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region. ”The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.” https://aifc.kz/