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Abstract This study analyzes the causal relationship between the highest price formation and trading volume in Energy Company stocks traded on KASE. In addition, Granger causality analysis is strengthened with frequency domain causality analysis to determine the concentration points of the causality relationship. This aspect provides vital decision support, especially in investment decisions. Three different relationships are identified for the causality between the highest price formation and the transaction volume. There is a two-way causality relationship for KEGC and a one-way for KZTO. No causal relationship was found for KZAP. These results can be interpreted as an indication that the Kazakhstan stock market offers a rich portfolio for investors. The causality structure of the investment climate in Kazakhstan can be analyzed by similar studies on the composite index and other companies traded in KASE. The time interval of the study was determined as between 01.01.2021 and 31.01.2023 and the data used were retrieved from the investing.com website. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-07-09 How to Cite Mashirova, T., Tastanbekova, K., Nurgabylov, M., Lukhmanova, G., & Myrzabekkyzy, K. (2023). Analysis of the Relationship between the Highest Price and the Trading Volume of the Energy Company Shares in Kazakhstan with Frequency Domain Causality Method. International Journal of Energy Economics and Policy, 13(4), 22–27. https://doi.org/10.32479/ijeep.14353 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 4 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Dinmukhamed Kelesbayev, Kundyz Myrzabekkyzy, Artur Bolganbayev, Sabit Baimaganbetov, The Effects of the Oil Price Shock on Inflation: The Case of Kazakhstan , International Journal of Energy Economics and Policy: Vol. 12 No. 3 (2022) Sholpan Smagulova, Aigerim Yermukhanbetova, Galiya Akimbekova, Saira Yessimzhanova, Dina Razakova, Murat Nurgabylov, Saltanat Zhakupova, Prospects for Digitalization of Energy and Agro-Industrial Complex of Kazakhstan , International Journal of Energy Economics and Policy: Vol. 12 No. 2 (2022) Dinmukhamed Kelesbayev, Kundyz Myrzabekkyzy, Artur Bolganbayev, Sabit Baimaganbetov, The Impact of Oil Prices on the Stock Market and Real Exchange Rate: The Case of Kazakhstan , International Journal of Energy Economics and Policy: Vol. 12 No. 1 (2022) Artur Bolganbayev, Kundyz Myrzabekkyzy, Sabit Baimaganbetov, Dinmukhamed Kelesbayev, The Effect of Oil Prices on the Economic Growth of Oil Exporting Countries Bordering the Caspian Sea: Panel Data Analysis , International Journal of Energy Economics and Policy: Vol. 11 No. 6 (2021) Kundyz Myrzabekkyzy, Bektur Keneshbayev, Dina I. Razakova, Indira Kenzhebekova, Zhansulu Pirmanova, Analysis of Causality Relationship Between the Economic Growth and the Energy Production and Technological Investments in Kazakhstan , International Journal of Energy Economics and Policy: Vol. 12 No. 6 (2022) Zhazira Taibek , Indira Kozhamkulova , Almas Kuralbayev , Bagdat K. Spanova , Kundyz Myrzabekkyzy, Analysis of the Effect of Oil and Energy Production on Health and Education Expenditures in Kazakhstan with Autoregressive Distributed Lag Method , International Journal of Energy Economics and Policy: Vol. 13 No. 2 (2023) Gaukhar Niyetalina, Elmira Balapanova, Almas Kuralbayev, Gulnar Lukhmanova, Artur Bolganbayev, The Relationship of Energy Generation from Fossil Fuels, Low Carbon Resources, and Renewable Resources and Inflation within the Framework of Taylor’s Rule: The Case of Kazakhstan , International Journal of Energy Economics and Policy: Vol. 13 No. 4 (2023) Make a Submission Make a Submission Dergi Kapağı

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