/REPEAT/ As of September 15, 2018 amendments to Methodology of Stock Market Indicators Calculation come in effect
14.09.18 11:31
/KASE, September 14, 2018, August 29, 2018 news repeat/ – Following a decision
of Kazakhstan Stock Exchange (KASE) Management Board dated August 28, 2018
changes and additions No. 2 (amendments) to KASE internal document "Methodology
of Stock Market Indicators Calculation" (Methodology) were approved, with effect
as of September 15, 2018.
Said amendments were made for purposes of improving the calculation of the
shares market capitalization.
Said amendments stipulate the following:
- at consolidation or splitting of shares of a particular title, the
capitalization calculation is fixed based on the last calculated parameters.
The capitalization calculation will be carried out since the moment of
concluding the first deal using the new parameters of those shares;
- a condition was included, meaning that if at a change in the number of
outstanding shares the difference between the date of calculation of the
shares market capitalization and date of the last deal in those shares
exceeds 90 days, the ratio of capitalization of the issuer of those shares is
fixed based on the last calculated parameters. The capitalization calculation
will be carried out from the moment of conclusion of the first deal using new
parameters of those shares.
Besides, clarifying amendments were made to the Methodology's text.
The revised text of the Methodology will be released on KASE website no later
than September 1, 2018.
[2018-09-14]