Published
01/11/2025, 09:00At the end of 2024, the Financial Market Regulation and Supervision Service approved the issue of common registered shares of CJSC “Stock Exchange of Kyrgyzstan - BTS”. This is the fourth issue of shares of the exchange.
Although the volume of the issue and the expected amount of funds raised have not been disclosed yet, this step clearly indicates the exchange's intention to strengthen its financial base for expanding its operations.
Founded in 1999, BTS was effectively acting as a depository from 2011 to 2022. This was due to the conclusion of a trading consolidation agreement with Kyrgyz Stock Exchange CJSC (KASE) in 2011. As part of this deal, the KASE was chosen as the trading platform, since the size of the national stock market at that time did not allow several exchanges to operate efficiently at the same time.
This decision turned out to be justified: at the time of the merger, the volumes of transactions on both platforms were relatively modest and did not exceed one billion soms. Thus, in 2010, 810 transactions totaling 572.5 million KGS were concluded on the BTS, and 459.7 million KGS on the KASE. By 2022, when BTS decided to resume trading in securities, the volume of transactions on KASE already reached 17.8 billion KGS.
In the first year after the resumption, BTS conducted 52 transactions for 3.1 bln KGS. But already in 2023, it showed significant growth, increasing the volume of transactions to 21.3 bln KGS.