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Development of Kazakh stock market depends on people's attitute to securities

27 february 2012, 10:44
0
Zhannat Yertlessova
Zhannat Yertlessova
Development of stock market in Kazakhstan depends on the people’s attitude to securities, Eldar Abdrazakov, chairman of Centras Securities said during Professional Talk show with Zhannat Yertlessova.

“Our people treat the stocks as perishable items, very short-term goods,” Abdrazakov says. Development of the stock market, in his opinion, “directly depends on getting people treat them as long-term goods”.

Later the guest speaker also talked about advantages of the securities holders, mechanisms of joint-stock companies and persons competent to consult people in financial deals. The speaker discussed reasons behind the decreasing interest of foreign investors in Kazakhstan companies and the reasons for local stock market slow down in Professional Talk show on STV channel.

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