The exchange rate of the national currency of Kazakhstan, against the background of mass protests due to the introduction of a state of emergency in several regions of the country, decreases to the euro by 0.39%, to 492.625 tenge for €1, and to the dollar – by 0.14%, to 435.45 Kazakhstani tenge. RBC writes about it.
Kazakhstan’s main stock index KASE fell by 2.95% at 13.49. Government bonds of Kazakhstan on the Moscow Stock Exchange are falling in price.
Shares of Fintech company and marketplace Kaspi.kz from Kazakhstan fell by 7.4% to 48,384 tenge on the Kazakhstan Stock Exchange as of 2:30 p.m.
On the London Stock Exchange, GDR also fell by 7.12% to €109.6 per share.
Quotations of the world’s largest uranium producer Kazatomprom from Kazakhstan fell by 9.85% at 2:30 p.m. This is evidenced by the trading data.
On the Kazakhstan stock exchange, Kazatomprom lost 6.96% of its capitalization, its shares fell in price to 15,715 tenge per piece. Global X Uranium ETF shares in New York rose 1.78% to $24.6.
Protests also hit the quotations of the cellular operator in Kazakhstan Kcell (-3.62), Narodni Bank (-3.27), confectionery company Bayan Sulu (-2.83) and the operator of the main oil pipeline “KazTransOil” (-2.65%). This is evidenced by the trading data of the Kazakhstan Stock Exchange.
Prehistory
Quotations began to fall against the background of mass protests in Kazakhstan, which began after the increase in prices for liquefied gas.
Kazakh President Kassym-Jomart Tokayev blamed the protests on the government, including the Ministry of Energy, as well as Kazmunaigaz and Kazakhgaz. The country’s government resigned. Tokayev instructed to introduce state regulation of prices for liquefied gas, gasoline and diesel in the republic for six months until the end of 2021.
