General Motors Company

Tesla, Inc.

General Motors shares hit a record for the second day in a row thanks to a presentation of innovation plans and a strong quarterly report

GM will implement AI in cars and launch autonomous driving. Is this a threat to Tesla?

The Consumer Confidence Index (CCI) has been gradually declining since early January after active growth in late 2023. It is still in the positive zone, though. Inflation is also slowing down, which is why Kazakhstanis less often report price increases looking back to last year and last month. They’ve also been less worried about possible price surges in the future. At the same time, people have become a bit more anxious about the risk of unemployment and switched their behavior from spending to saving mode.

Careful start: Consumer confidence is fading away just as the year begins

Following the start of trading with Air Astana’s stocks on the KASE and AIX, the airline has summarized the results of its initial public offering (IPO). According to the company, the total number of orders for the stock surpassed its supply, thanks to the support of Kazakhstani and international investors.

Air Astana summarizes results of IPO

Even though Jusan Invest’s analysts described the last production report by Kazatomprom as “fundamentally negative,” they have recommended buying the stocks as their price can surge by 40%.

Jusan Invest recommends buying Kazatomprom's stocks

The Ministry of National Economy has added Mobile Telecom Service LLC to the list of entities that must be transferred to the private sector before 2025. Mobile Telecom runs two mobile operators, Tele2 and Altel, and belongs to Kazakhtelecom. The corresponding adjustments in the document were published on the legalacts.egov.kz website.

Kazakhtelecom to sell Tele2 by the end of this year

The Astana International Exchange (AIX), a trading platform within the Astana International Financial Center (AIFC), has reported its results for 2023. Over the past twelve months, the total volume of trade at the exchange has grown more than threefold from $173 million to $582 million. The stock market, in turn, has doubled in size and reached $130 million in total.

Central Asia