Competitiveness of the positions of the Kazakhstan market in the conditions of creating a common exchange space

According to the classification of international rating agencies, the country rating (and stock market rating) of Kazakhstan is included in the group of frontier markets. The article monitors world analytical companies and country risk research methods. In order to obtain the Emerging Market status, the Kazakhstan stock market needs to look for the alternatives of the further development. Among these, the merger with the Moscow Stock Exchange, which is classified as an emerging market, is highlighted. In October 2019, the EAEU member states approved the Concept for the formation of a common exchange space. It is revealed that the primary urgent task for Kazakhstan is the analysis and forecast of macroeconomic risks. The article analyzes and forecasts the macroeconomic risks of Kazakhstan, presents the results of the merger with the Moscow Exchange, and also analyzes the dynamics and structure of the volume of exchange trading. The work revealed that in the conditions of a common exchange space in order to revitalize the capital market in the Republic of Kazakhstan, it is necessary to attract financing from private and other investors by providing favorable and understandable conditions, continuing the course of modernization of stabilization of macroeconomic indicators. Further consistent solution of these tasks will allow Kazakhstan to obtain the status of Emerging Market. This will give Kazakhstan the opportunity to attract a wider class of investors, which, accordingly, will increase the flow of capital into the country.

қор биржасы, елдік тәуекел, капиталдандыру, дамушы нарықтар, биржалық кеңістік, биржалық сауда-саттық, капитал ағыны, stock exchange, country risk, capitalization, emerging markets, exchange space, exchange trading, capital inflow, фондовая биржа, страновой риск, капитализация, развивающиеся рынки, биржевое пространство, биржевые торги, приток капитала

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