/KASE, July 3, 2025/ – Freedom Holding Corp. has provided Kazakhstan Stock
Exchange (KASE) with a review of the Purchasing Managers' Index (PMI) of
Kazakhstan's service sector for June 2025.
Below are comments from Yerlan Abdikarimov, Director of the Financial Analysis
Department of Freedom Finance Global PLC (a 100% subsidiary of Freedom
Holding Corp.).
"In June, business activity in the services sector rose at the strongest rate
since the beginning of the study. New contracts and marketing strategies
revived the market, supporting employment. Rising operating costs have already
been partly reflected in the growth of sales prices. At the same time, we see
signals of a probable market correction: the pace of business activity growth
has slowed sharply compared to May, which saw the strongest increase in the
past two years, while expectations for the year ahead have dropped to a
12-month low. Such dynamics, against the backdrop of reaching a peak in
business activity growth, may indicate increased caution of businesses
regarding the second half of 2025, driven by growing overall uncertainty amid
intensified competition, foreign trade risks (including the ruble factor), and
changes in tax policy. Nevertheless, it should be noted that business
expectations are still in the optimistic zone".
Review in Kazakh –
https://kase.kz/uploads/KZ_Services_KAZ_2506_PR_cd16daa5c9.pdf
Review in Russian –
https://kase.kz/uploads/KZ_Services_RUS_2506_PR_a0a67e1b35.pdf
Review in English –
https://kase.kz/uploads/KZ_Services_ENG_2506_PR_f11646a8d8.pdf
[2025-07-03]