KASE determined leading operators of secondary exchange's CS market in Kazakhstan for December and 2002

/IRBIS, January 5, 02/ - In accordance with the request of professional participants Kazakhstan Stock Exchange (KASE) defined list of companies - leading operators of the KASE corporate securities market for December and 2002. Place of a company in the list is determined in total gross turnover of trades (amount of purchased and sold shares and bonds). At this, both purchase and sale operations and operations of direct and reverse repo are taken into account. Work of brokers at securities primary floatation at stock exchange's specialized trades is not taken into account because of the fact that securities sale at such trades is conducted by the only participant, which is underwriter of financial consultant of an issuer. Deals in the sector of trade in state blocks of shares (SBS) is not taken into account either when making the lists because the system of SBS sales reminds very much specialized trades on securities primary floatation. Position of each trade participant is shown in tenge. A total of 26 companies (broker-dealer companies, banks, pension assets management companies) participated in trades with CS at KASE in December of 2002. Below is the list of 10 the most active operators, which controlled 93.0% of the exchange's secondary market, given in descending order of their shares in total deals volume. In parentheses is position of correspondent broker in November of 2002. --------------------------------------------------------------------- Share in trades Position Brief title of the company gross volume, % -------- ------------------------------------------ --------------- 1 (3) TuranAlem Securities LLP (Almaty) 38.1 2 (17) Bank TuranAlem OJSC (Almaty) 29.3 3 (1) INVESTMENT MANAGEMENT GROUP LLP (Almaty) 9.5 4 (2) KIB ASSET MANAGEMENT Ltd. LLP (Almaty) 4.3 5 (5) Kazakhstan financial company OJSC (Almaty) 3.3 6 (7) KG Securities LLP (Karaganda) 2.1 7 (6) RG Securities LLP (Almaty) 2.0 8 (4) Tau Securities LLP (Almaty) 1.63 9 (19) General Asset Management LLP (Almaty) 1.56 10 (18) KAZKOMMERTSBANK OJSC (Almaty) 1.2 --------------------------------------------------------------------- The list, which was made in similar way, but for 2002, is given below. 32 stock exchange's members in making deals on CS at KASE during the period. Companies shown in the table controlled 85.6% of the stock exchange's secondary CS market. In parentheses is position of corresponding participant for 2001. ------------------------------------------------------------ Share in trades Position Brief title of the company gross volume, % -------- --------------------------------- --------------- 1 (1) TuranAlem Securities LLP 30.4 2 (2) KIB ASSET MANAGEMENT Ltd. LLP 11.2 3 (18) Bank TuranAlem OJSC (Almaty) 9.2 4 (5) INVESTMENT MANAGEMENT GROUP LLP 7.4 5 (3) KG Securities LLP 7.1 6 (4) PAMC ZHETISU CJSC 5.3 7 (6) RG Securities LLP 4.8 8 (9) Kazakhstan financial company OJSC 3.6 9 (8) General Asset management LLP 3.4 10 (7) Kazkommerts Securities OJSC 3.3 ------------------------------------------------------------ One should take into consideration the fact that because of narrowness of Kazakhstan CS market, conducting of one rather large deal at KASE may significantly influence situation of this or that participant in the tables, which were made by the methods described above. [2003-01-05]