ANALYSIS: In April of 2006 volume of shares purchase and sale deals on KASE grew 2.8 times to $218.4 m.

/IRBIS, Assel Omarova, May 10, 06/ - In April of 2006 on Kazakhstan stock exchange (KASE) 800 deals were made in shares in all sectors of the market (excluding repo-transactions sector) for a total of KZT27,517.5 m. or $218.4 m. at the current rate effective on deals making dates. The stated amount is 45.7% of monthly turnover of corporate security market (in March of 2006 - 18.4%) and 2.2% from the exchange's whole monthly turnover (0.9%). Change of lists of corporate bonds, traded on KASE, in April of 2006 ------------------------------------- Bonds: Issuers: Category of ------------ ------------ admission number trend number trend ----------- ------ ----- ------ ----- A 47 -2 29 -2 B 44 +6 35 +5 ----------- ------ ----- ------ ----- A+B 91 +4 63 +3 ----------- ------ ----- ------ ----- N 6 0 6 0 ----------- ------ ----- ------ ----- TOTAL 97 +4 67 +3 ------------------------------------- Notes: "A" - official "A" listing category; "B" - official "B" listing category; "A+B" - official list; by the end of the month, change for the month. Statistical characteristics of corporate bond market on KASE in April of 2006 ------------------------------------------------------------------------ Month: ------------------ Trend April March Apr. 2006 to Indicator 2006 2006 Mar. 2006 ---------------------------------------- --------- -------- ------------ Trade volume, th. USD 218,362.3 76,764.1 +184.5% Trade volume, m. KZT 27,517.5 9,873.6 +178.7% incl. on offerings, th. USD 0 0 X incl. on offerings, m. KZT 0 0 X incl. secondary market deals, th. USD 218,362.3 76,764.1 +184.5% incl. secondary market deals, m. KZT 27,517.5 9,873.6 +178.7% Number of deals 800 548 +46.0% incl. at offerings 0 0 X incl. on secondary market 800 548 +46.0% Number of instruments involved in deals 44 39 +12.8% Stake of nego deals (number), % 20.3 20.4 -0.1 pp Stake of nego deals (volume), % 55.8 60.4 -4.6 pp Pension assets participation, % gross 20.1 9.7 +10.4 pp Number of exchange's members, made deals 33 28 +17.9% Market concentration, %* 59.8 41.1 +18.7 pp ------------------------------------------------------------------------ * percentage from total bond turnover, which falls to the stake of most tradable securities (their number is 5% from total number of names of bonds, included in KASE's trade lists, is shown) Main indicators of KASE's corporate bond market in April of 2006 ------------------------------------------------------------------ Capitalization Volume Volume of of the market, Index of deals, deals, Number Date USD m. KASE_Shares USD th. KZT m. of deals ---------- -------------- ----------- --------- --------- -------- Mar 31, 06 29,335.2 1,724.31 6,367.9 817.6 37 Apr 3, 06 29,909.4 1,870.81 6,458.7 829.3 39 Apr 4, 06 29,152.7 1,858.82 24,671.3 3,175.2 51 Apr 5, 06 28,946.8 1,788.21 401.2 51.7 30 Apr 6, 06 29,343.5 1,925.13 3,590.9 462.5 31 Apr 7, 06 29,274.2 1,961.21 11,322.1 1,460.0 47 Apr 10, 06 29,363.9 2,021.05 4,994.6 643.7 23 Apr 11, 06 30,532.2 2,078.31 4,725.4 608.3 39 Apr 12, 06 30,666.8 1,989.26 521.1 67.1 27 Apr 13, 06 31,944.8 2,098.67 509.5 65.4 40 Apr 14, 06 30,399.6 2,096.52 16,539.5 2,117.1 49 Apr 17, 06 33,418.9 2,272.96 4,472.5 570.8 59 Apr 18, 06 34,325.5 2,250.29 19,967.5 2,533.1 46 Apr 19, 06 37,220.2 2,393.58 2,709.8 341.1 36 Apr 20, 06 36,982.6 2,211.91 8,679.8 1,084.8 37 Apr 21, 06 37,747.1 2,366.97 7,428.1 913.1 49 Apr 24, 06 35,654.2 2,271.67 9,719.7 1,200.1 35 Apr 25, 06 37,239.6 2,281.17 4,553.5 565.5 48 Apr 26, 06 38,620.4 2,201.89 4,186.0 519.1 32 Apr 27, 06 37,667.3 2,234.38 19,413.2 2,409.4 44 Apr 28, 06 35,543.4 2,062.60 63,498.0 7,900.4 38 ---------- -------------- ----------- --------- --------- -------- Trend +6,208.3 +338.28 +21.2% +19.62% ------------------------------------------------------------------ Summary data by the results of bond trades on KASE in April of 2006 (purchase and sale, including primary offerings) ------------------------------------------------------------------------------ Volume of deals: Code Brief ------------------ Num- Market Price of name of th. m. ber of share, change, security Issuer USD KZT deals % % -------- ---------------------------- --------- -------- ------ ------ ------- BTASp Bank TuranAlem JSC 59,780.5 7,449.1 11 27.1 +29.93 ATFB ATFBank JSC 32,946.7 4,129.8 56 15.0 -40.84 BTAS Bank TuranAlem JSC 26,288.7 3,380.2 22 12.3 +31.35 VTBN Valut-Tranzit-Bank JSC 11,622.8 1,455.4 21 5.3 +19.58 KZZN KAZCINK JSC 10,232.9 1,296.9 63 4.7 +8.75 KKGB Kazkommertsbank JSC 10,218.2 1,282.9 29 4.7 -21.89 KKGBp Kazkommertsbank JSC 8,476.7 1,078.1 52 3.9 +10.11 MMGZp Mangistaumunaygas JSC 8,412.9 1,070.3 24 3.9 +244.44 TMLZ Temirleasing JSC 7,944.1 993.7 5 3.6 -16.41 ATFBp8 ATFBank JSC 7,856.5 997.1 15 3.6 +57.14 CCBN Bank CenterCredit JSC 6,569.5 841.7 74 3.1 -49.16 HSBK Halyk savings bank of Kazakhstan JSC 6,273.9 806.7 48 2.9 -6.84 VTBNp Valut-Tranzit-Bank JSC 5,363.9 670.2 11 2.4 +0.89 ORDB Ordabasy Corporation JSC 2,695.7 335.4 1 1.2 +48.15 TEBN Temirbank JSC 1,897.7 242.0 83 0.9 +161.03 CHFM Chimfarm JSC 1,720.9 221.0 1 0.8 -28.00 ASBNp1 Alliance Bank JSC 1,622.8 208.3 4 0.8 +3.92 TEBNp Temirbank JSC 1,515.5 187.2 14 0.7 +20.86 KZTK Kazakhtelecom JSC 1,304.8 161.6 16 0.6 +18.07 CSBN BANK CASPIAN JSC 836.4 106.4 68 0.4 +133.10 KZTKp Kazakhtelecom JSC 811.4 101.6 25 0.4 +14.55 HSBKp Halyk savings bank of Kazakhstan JSC 580.3 72.0 2 0.3 -18.02 AMGZ CNPC Kazakhstanmunaygas JSC 531.5 67.2 33 0.2 +48.24 ASBN Alliance Bank JSC 516.3 65.8 32 0.2 +21.28 UTMK Ust-Kamenogorsk titanium- magnium enterprise JSC 502.5 63.8 9 0.2 +56.01 ORNK Ornek XXI JSC 491.3 60.4 2 0.2 -21.38 CCBNp Bank CenterCredit JSC 324.5 41.6 12 0.2 +96.97 NRBNp6 Nurbank JSC 231.4 29.8 2 0.1 +6.33 AZNO Aktubinsk plant of oil equipment JSC 149.1 19.2 1 0.1 0 ALKZ Kazakhstan Aluminum JSC 124.0 15.9 2 0.1 +0.94 KZIS Company on foreign insurance Kazakhinstrah JSC 121.5 15.6 12 0.1 +106.06 KZTC KazTransCom JSC 77.3 9.6 5 0.03 +279.15 KIBN Kazinvestbank JSC 74.5 9.4 11 0.03 +126.70 TSBNp Cesnabank JSC 54.1 7.0 6 0.03 0 TSBN Cesnabank JSC 47.4 6.1 8 0.02 -35.71 UTMKp Ust-Kamenogorsk titanium- magnium enterprise JSC 37.7 4.9 2 0.02 +20.48 PDES PAVLODARENERGOSERVIS JSC 25.2 3.2 2 0.01 +55.71 HSBKp1 Halyk savings bank of Kazakhstan JSC 24.6 3.2 3 0.01 +2.30 GLOT GLOTUR JSC 17.7 2.2 3 0.01 +166.67 CSBNp BANK CASPIAN JSC 16.5 2.1 4 0.01 +19.05 NFBN OILBANK JSC 11.5 1.5 1 0.01 +12.51 ASFI Astana-Finance JSC 6.1 0.8 3 0.003 +4.58 NRBN Nurbank JSC 4.9 0.6 1 0.002 +27.27 ZERD Zerde JSC 0.02 0.003 1 <0.001 +25.00 -------- ---------------------------- --------- -------- ------ ------ ------- TOTAL 30 218,362.3 27,517.5 800 100 ------------------------------------------------------------------------------ Comments: Securities were sorted in descending order based on the volumes of deals expressed in U.S. dollars. Figure means ordinal number of bond issue. Absence of figure (old coding) means this is the first issue. "X" - change of price is not calculated, as this security got the first estimation on KASE in the analyzed period. [2006-05-10]