Kazakhtelecom Stock Trading Suspended Again After Sharp Price Drop

Trading of Kazakhtelecom’s preferred shtock was once again suspended on the Kazakhstan Stock Exchange (KASE) after a 52.71% price drop, Orda.kz reports.

According to KASE, the exchange automatically halted trading after the share price fell more than 30% compared to the last recorded transaction from the previous trading day — a standard precautionary measure.

The last transaction involving Kazakhtelecom’s preferred shares was on May 23, 2025, at 50,330 tenge per share. Trading was suspended on May 26, after a new deal was made at just 23,800 tenge per share, the exchange said in a statement. 

The volatility follows Kazakhtelecom’s announcement on May 16 of record-high dividend payouts, which included nearly all of its net income and retained earnings from previous years. Initially, the announcement sent the stock price up, but following the close of the shareholder registry, confirming who would receive dividends, shares plummeted.

Just days earlier, KASE had also suspended trading after Kazakhtelecom’s share price dropped 31% in a single day. The company attributed the sell-off to a "dividend gap" — a common market phenomenon where short-term investors sell off shares immediately after securing their dividend payouts, often causing a sharp drop in the stock price.

Original Author: Nikita Drobny