/KASE, December 4, 2024/ – Freedom Holding Corp. has provided Kazakhstan Stock Exchange (KASE) with a review of the Purchasing Managers' Index (PMI) of service sector in Kazakhstan for November 2024.

Below are comments from Yerlan Abdikarimov, Director of the Financial Analysis Department of Freedom Finance Global PLC (a 100% subsidiary of Freedom Holding Corp.).

"November saw a recovery in business activity among Kazakhstan's service sector, with a noticeable increase in the number of new orders. Serviceproviders reported successful marketing campaigns, the launch of new products,and a rise in demand. It appears that service providers have nearly completedtheir staffing needs, as the hiring pace has become more moderate compared tothe previous two months. Long-term easing of inflationary pressures, despitethe continued rise in certain costs and utility prices, has contributed to anincrease in sector competitiveness. In some cases, this has allowed for areduction in service prices. Outlook for the near future improved for thesecond consecutive month, exceeding the historical average. Key factorssupporting this growth include increased investments, the implementation ofmarketing strategies, the launch of new products, and improved demand".

Review in Kazakh – see more

Review in Russian – see more

Review in English – see more

[2024-12-04]