Kurban Bairam, also known as Eid al-Adha, is a significant public holiday in Kazakhstan that leads to the closure of financial markets and government offices. During this period, trading on the Kazakhstan Stock Exchange (KASE) is suspended, and banking services are limited. This event typically results in lower trading volumes and reduced liquidity in the Central Asian region as participants observe religious traditions.
The date is determined by the Islamic lunar calendar, falling on the 10th day of Dhu al-Hijjah. The specific Gregorian dates are announced annually by the government of Kazakhstan based on official lunar sightings.
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