Owing to series of direct deals stocks market capitalization of KASE increased by $685.6m or by 47.2%

/IRBIS, July 11, 02/ - By results of trades in corporate issuing securities of Kazakhstan stock exchange (KASE) on July 11, totaling capitalization of companies, whose stocks are included into official securities list at KASE ("A" and "B" categories), grew by 47.2% or USD685.6m. Main reason for such a big change of one of the main indicators of exchange market was four deals. Three deals were conducted on common stocks of Bayan-Sulu OJSC (Kostanai, production and realization of confectionery) and were made with one price. These stocks (KZ1C24120012, "B" category official securities list, BSUL) have par value of KZT150.0 and last time were traded at KASE on September 27, 2000 for $0.36 per stock, which is corresponded to KZT51.34 at the Exchange rate on the date of deal made. Today new price of stocks reached KZT25,446.00 per stock with deals volume - 1,779 stocks or $294.5th. One deal was made in preferred stocks of Mangistaumunaigaz OJSC (Aktau, KZ1P05020213, "B" category official securities list at KASE, MMGZp). 4,879 stocks were sold today at rate KZT10,543.00 having a nominal value of KZT1,000.00 and price in the previous exchange of KZT611.6 per stock (May 27, 2002). Deal volume totaled $334.7th. It is interesting that all described deals were direct, in other words were conducted in the trade system of KASE by brokers (in particular, one broker) without trade element. Interference into the deals of this type by the third party is impossible. Thus, one cannot consider held transactions as market ones. It is obvious that it is a question of money redistribution among clients of one of the broker dealer companies with stocks mortgaging, but not the market in general. Nevertheless, under the present method at KASE results of deals that were made in such way have to be counted for capitalization market indicator. [2002-07-11]