Freedom Holding Corp. Becomes Sponsor of the Kazakhstan Purchasing Managers’ Index™ (PMI®) by S&P Global

Freedom Holding Corp. has become the sponsor of the Purchasing Managers’ Index™ (PMI®) by S&P Global in Kazakhstan. The first PMI report in cooperation with Freedom Holding Corp. is scheduled for release in early October 2024.

https://www.pmi.spglobal.com/public/release/pressreleases

https://ffin.kz/en/file/2024/10/01/frhc_kz_manufacturing_pmi_oct24_report.pdf

The PMI® by S&P Global is a trusted economic indicator widely recognized by experts and the business community. The countries covered by the PMI represent 85% of the global GDP. The index is featured on professional platforms such as Bloomberg and Thomson Reuters.

By supporting the release of Kazakhstan’s PMI® by S&P Global, Freedom Holding Corp. reaffirms its commitment to promoting alternative economic indicators in the local market, enhancing transparency and providing access to critical information about domestic economic activity.

“In Kazakhstan, the PMI will play the same critical role as it does in other economies worldwide. It will help integrate the country more deeply into the global expert community and make it more attractive to both domestic and foreign investors. Increasing foreign direct investment is essential, as we believe Kazakhstan holds significant untapped potential,” said Timur Turlov, CEO of Freedom Holding Corp.

“Our Kazakhstan Manufacturing and Services PMIs have been providing accurate, timely and high-frequency economic data on Central Asia’s largest economy for more than five years, enabling economists, policymakers and investors to track the economy’s performance in near real-time and assess the local economy in a global context using directly comparable data. We are delighted to welcome Freedom Holding Corp. as the new sponsor of our Kazakhstan PMIs and supporter of these critical indicators,” added Luke Thompson, Managing Director at S&P Global Market Intelligence.

PMI data is sourced directly from purchasing managers, who are the first to notice early-stage changes in the business environment, such as shifts in prices, demand and supply chains. The index is also known for its broad coverage of the national economy, surveying about 250 companies from the manufacturing sector and 250 from the service sector each month (500 entities in total). As a result, experts can detect market reversals early, better assessing potential risks even before official statistics are published.

“In Kazakhstan, where businesses are especially sensitive to even small fluctuations in the real economy, the PMI is one of the few indicators that is both fast and relatively easy to interpret. It helps market participants better understand overall economic trends and their position in the market. Essentially, the index serves as a compass for businesses. Whether the economy is slowing down or gaining momentum, this can significantly influence operational activities or even investment strategies,” Turlov emphasized.

The release of the Freedom Holding Corp. Kazakhstan Manufacturing PMI® and the Freedom Holding Corp. Kazakhstan Services PMI® reports is expected on the first and third business days of each month, respectively.

About Freedom Holding Corp.
Freedom Holding Corp. is a diversified financial services company engaged in brokerage, securities trading, investment research and advisory services, investment banking and underwriting, mortgage services, insurance, telecommunications, online sales of airline tickets and tickets to cultural and sporting events and online supermarket services, among others. Freedom Holding Corp. employs over 6,800 people, including those from its subsidiaries.

Headquartered in Almaty, Kazakhstan, Freedom Holding Corp. operates across 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, Azerbaijan and others. Freedom Holding Corp.’s common shares are registered with the U.S. Securities and Exchange Commission and trade on the Nasdaq Capital Market under the FRHC ticker. www.freedomholdingcorp.com

About S&P Global

S&P Global (NYSE: SPGI) S&P Global provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.

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About PMI® (Purchasing Managers’ Index™)

PMI surveys are now available for over 40 countries and also for key regions including the eurozone. They are the most closely-watched business surveys in the world, favored by central banks, financial markets and business decision makers for their ability to provide up-to-date, accurate and often unique monthly indicators of economic trends. To learn more, click here.