/KASE, October 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 September 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 September, growth in business activity and new orders in Kazakhstan’s
services sector remained positive, although the pace slowed noticeably
compared with previous months. Overall, a slowdown was observed throughout
the third quarter. The contributing factors include moderate demand, continued
cost pressures, weakening of the national currency, and reduced employment.
Intensified competition is restraining the growth of prices and service tariffs,
compressing margins. The upcoming implementation of new tax rules at the
beginning of next year is increasingly reflected in market sentiment. As a
result, one-year expectations declined to their lowest level in more than two
years, indicating companies' cautious assessment of prospects".
Review in Qazaq –
https://kase.kz/uploads/KZ_Services_KAZ_2509_PR_efefdc46e1.pdf
Review in Russian –
https://kase.kz/uploads/KZ_Services_RUS_2509_PR_1af3fe9963.pdf
Review in English –
https://kase.kz/uploads/KZ_Services_ENG_2509_PR_b630e871b0.pdf
[2025-10-03]