The National Bank of Kazakhstan can buy shares of the Kazakh Stock Exchange (KASE) with its own funds, said the head of the National Bank, Timur Suleimenov.
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Previously, KASE, commenting on the entry of the Moscow Exchange into the US SDN list, reported that the sanctions would not affect the operation of the site.
“The National Bank has 47% of KASE. We have our own budget, we have our own money, so we will buy it with it. If this happens,” Suleimenov said, adding that different options are being considered.
As of June 1, the Moscow Stock Exchange holds 13.1% of KASE’s outstanding shares.
On June 12, the US Treasury included the Moscow Exchange, the National Clearing Center and the National Settlement Depository on the SDN list. In this sense, the Moscow Stock Exchange announced the cessation of trading in euros, US dollars and Hong Kong dollars.
KASE stated that the site will continue to operate as normal.
Author:
Natalia Gormaleva
Source: RB
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