A Closer Look At Kazakhstan
As Kazakhstan gains popularity as a travel destination across Central Asia, attention is slowly shifting from tourism to opportunity. What many don’t realise is that the same country attracting visitors today is also offering high-yield, under-owned investment opportunities that global markets have yet to fully price in.
Most investors today are crowded into the same trades — US tech, India growth, or China recovery. But some of the most compelling opportunities are often found where few are looking.
Kazakhstan is one of those markets.
It is not a headline market. It is not widely covered. But that’s exactly where its opportunity lies.
This article breaks down why Kazakhstan deserves a place in your portfolio — and how you can actually invest in it.
Why Kazakhstan, And Why Now?
Kazakhstan is the world’s ninth-largest country by area, the world’s largest uranium producer, and a top-ten oil exporter. Its stock exchange, Kazakhstan Stock Exchange (KASE), has quietly delivered 40% returns over the past 12 months, beating most developed and emerging markets. Yet non-residents account for just 8.3% of trading volume. The institutional wave has not arrived yet.
We believe this represents a genuine early-mover window. The Astana International Financial Centre (AIFC), modelled on Dubai’s DIFC and backed by a 2026–2028 strategy to attract sovereign wealth funds and global pension capital, has already channelled $21.5 billion in structured investment since inception, including $7.2 billion in 2025 alone. The infrastructure is being built to handle institutional money at scale. The question is whether your portfolio is positioned before that happens.
Four Reasons This Market Stands Out
The Tax Advantage: Plain And Simple
Kazakhstan’s tax regime for foreign investors in listed equities is one of the most favourable we have seen in any comparable market. Here is what matters most when investing through our platform.
Tax-related information provided is for general guidance only. Please consult your tax advisor for confirmation and clarification.
Five Stocks To Start With
These five names represent the most liquid, transparent, and well-covered companies on KASE across five distinct sectors. Each was chosen for accessibility and suitability for investors new to the market.
Risks To Keep In Mind
Trade Kazakhstan With POEMS
Kazakhstan-listed shares are now available for online trading through POEMS.
| Trading Hours (SGT) | |
| Pre-Opening Session | 2:20PM – 2:30PM |
| Main Continuous Session | 2:30PM – 8:30PM |
For more information, visit POEMS or contact our Global Markets Desk at talktoglobalmarkets@phillip.com.sg.
Make Kazakhstan Part Of Your Global Market View
Disclaimer
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