Stock Market: Problems and Development Prospects
Stock Market: Problems and Development Prospects

Summary/Abstract: According to the degree of development of the stock market, one can judge the state of the country's economy. The stock market in Kazakhstan, today, is not sufficiently effective, due to the fact that it cannot ensure fair pricing, free access of investors to the market and the protection of investors' interests. Also, the problem of the development of the stock market in Kazakhstan is legislation that does not reflect all the provisions of the work of investors and exchange participants. At present, the state of the securities market of the republic does not correspond to the level of economic development; therefore, the stock market does not fully fulfils its purpose. Because of this factor, the stock market capitalization does not increase at a rapid pace. The authors investigated the current state of the stock market of the Republic of Kazakhstan, the influence of macroeconomic trends on it. Based on the analysis, the complex tasks of activating the mechanism of the stock market were formulated, and specific recommendations were given on how to revive it.

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