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KazMunayGas Shares Surge to Historic Highs Amid Iran Crisis

Editorial staff
03 March 2026, 12:47
KazMunayGas Shares Surge to Historic Highs Amid Iran Crisis Photo Author: Sputnik / Владислав Воднев

The escalating geopolitical tensions surrounding Iran have pushed shares of the national company KazMunayGas to an all-time high. On the Kazakhstan Stock Exchange (KASE), the company's securities (KMGZ) surged by approximately 10% within a single trading day, reaching 28,644 tenge per share. This represents the highest valuation in the company's history.

Trading volume exceeded 500 million tenge, significantly surpassing typical daily activity levels. Market analysts attribute this spike to a massive influx of capital into the oil and gas sector.

The rally in share prices coincides with the sharpening conflict around Iran and a sharp increase in global oil prices. Brent crude futures climbed to approximately $80 per barrel as the market factors in the potential risk of supply disruptions through the Strait of Hormuz.

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