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KAZAKHSTAN SECTOR RESEARCH
Kazakhstan Financial MarketsFinancial Markets - Conclusion
May 1998
| Role and diversity of financial market institutions is to increase | The objective of the financial sector reforms is to establish a viable environment, which will allow investment to be channeled in the most efficient way. One of the first priorities for any emerging market is to mobilise domestic savings; to this end, the securities markets have proved to be most efficient. Foreign direct and portfolio investment require a certain level of financial market infrastructure. So far, the role and diversity of the financial institutions will grow. |
| Forthcoming publications | The purpose of this report is to give a general overview of the major elements of the financial markets. We have intentionally left unattended the detailed analysis of major banks and/or types of securities trades. R The research team of Kazkommerts Securities plans to publish analytical reports on major Kazakhstan’s banks (Kazkommertsbank and Halyk Savings Bank). If you require regular information on the stock market in Kazakhstan, we would like to refer you to the Kazakhstan Weekly News – one of the publications of Kazkommerts Securities, published weekly and sent by fax to our clients free. We also publish research reports on selected Kazakhstan industries and companies, including blue chips. |
© Kazkommerts Securities 1998. Please cite source when quoting. This report has been prepared by Kazkommerts Securities and provided solely for information purposes to recipients only. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. This information does not constitute an offer to buy or sell securities. Kazkommerts Securities or its affiliated persons may be buying, selling or holding long or short positions, acting as investment bankers, be represented on the Board of the issuers in securities mentioned herein. This report is not intended for the use of private investors. Investment in Kazakhstan markets is an extremely risky activity and many persons, physical and legal, may be completely or partially restricted from dealing in the Kazakhstan securities markets. |
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