Large investor base

The dynamic economy growth in 2007 (GDP increment is 8.5%) promoted to improvement of the country’s investment climate. During this period, the growth of both foreign borrowings and domestic investments was noted. The large investor base guarantees high demand on the part of issuers. The favorable investment climate contributed to the increase in assets of domestic institutional investors such as second-tier banks, retirement savings plans, insurance companies and investment funds.

As of January 1, 2008 total assets of commercial banks were KZT 11.6 trillion (USD 97.12 bln), retirement savings plans - KZT 1.2 trillion (USD 10.17 bln), insurance companies - KZT 0.2 trillion (USD 1.86 bln) and mutual funds - KZT 0.19 trillion (USD 1.66 bln).

Thus, there is huge potential of domestic investment resources which are unused in development of the real economy sector in the Republic of Kazakhstan. The stock market as an instrument of market regulation will promote to redistribution of investment resources in the most profitable and promising industries.