Кыргызская фондовая биржа

Annual Investment Congress 2024 in Abu Dhabi (UAE)

On May 7-9, 2024, the 2024 Annual Investment Congress was held in Abu Dhabi, United Arab Emirates, in which the President of the Kyrgyz Stock Exchange, Medet Nazaraliev, took part. The event is supported by the UAE Ministry of Industry and Innovation Technology and the Abu Dhabi Department of Economic Development. The annual Investment Congress brought together global experts to share knowledge and experience to explore investment opportunities to support sustainable economic growth.

The head of KSE as a speaker at Central Banks & Stock Exchange Market's Presidents' Roundtable. During the roundtable Medet Nazaraliev present  about the ongoing transformation processes in the stock market of Kyrgyzstan. According to him, at present the financial market of our republic is undergoing progressive changes, which became possible due to the effective government policy and the chosen course of the KSE to create a universal trading platform.

“The Kyrgyz Republic has taken a clear course to fulfill international obligations to achieve the Sustainable Development Goals and carbon neutrality, and the Kyrgyz Stock Exchange, as a trading platform and participant in global initiatives, develops and promotes sustainable financing instruments through the creation of a stock market infrastructure to attract both domestic institutional investors and and major international financial organizations. In 2022, by Decree of the President of the Kyrgyz Republic, the KSE was determined to be a systemically important national institution implementing socially significant economic projects to launch the precious metals sector, the commodity sector and the government securities sector. The document introduced a new impetus to the development of the country's stock market, where there was a dynamic increase in the volume of trading in corporate securities; in 2024 alone, the volume of trading in corporate securities exceeded the 2023 figure by 57%; an increase in trading in shares on the secondary market as a result of several large transactions since the beginning of the year increased by 92%,” emphasized M. Nazaraliev.

The strategic goal of the KSE is to create an effective sustainable financing system and increase the level of responsible investment in the country. It should be noted that this year the Congress became the largest in its history. The forum in Abu Dhabi was attended by representatives of 175 countries.

In addition, the President of the Kyrgyz Stock Exchange, Medet Nazaraliev, as part of his participation in the Annual Investment Congress 2024, visited the Abu Dhabi Stock Exchange (“ADX”) of the United Arab Emirates. At a meeting with the Chairman of the Board of ADX, Abdullah Salem Al Nuaimi, the prospects for further mutually beneficial cooperation were discussed. In particular, the issue of joining the KASE to the Tabadul Digital Exchange Trading Center was discussed. It should be noted that Tabadul Hub was launched by ADX in July 2022 and became the first regional digital exchange center based on a peer-to-peer trading access model.

Tabadul is aimed at developing international cooperation and increasing liquidity in the markets of participating exchanges. The joining of the Kyrgyz Stock Exchange to the global digital platform will provide investors with new trading opportunities. This means that trade and economic relations between Kyrgyzstan and the Gulf countries will reach a new level.