ANALYSIS: 30 the most capitalized listing companies of KASE at trades closing on June 30 of 2006 (market of shares)

/IRBIS, Sergey Yakovlev, July 4, 06/ - IRBIS, Information agency of financial markets (Almaty) has compiled 30-top of the most capitalized companies whose shares are in Kazakhstan stock exchange's (KASE) official list of securities. Ranking table as of June 30 at closing of the market and comparable data at closing of the market on May 31 of 2006 are given below. -------------------------------------------------------------------------------- As of June 30, 06: As of May 31, 06: Trend: ----------------------- ----------------------- ----------------- Short name of posi capita- stake of posi capita- stake of capita- stakes, the company tion lization, compa- tion lization, compa- lization, perc. (all are JSC) m. USD ny, % m. USD ny, % m. USD points -------------- ---- --------- -------- ---- --------- -------- --------- ------- CNPC-Aktobemu- 1 7228.0 22.53 1 6713.9 20.93 +514.1 +1.60 naygas Bank TuranAlem 2 4232.4 13.20 2 3757.2 11.71 +475.2 +1.48 Kazakhtelecom 3 2708.9 8.45 3 3641.9 11.35 -933.0 -2.91 Kazkommerts- 4 2659.4 8.29 4 3246.3 10.12 -586.9 -1.83 bank Halyk bank 5 2214.9 6.91 5 2668.6 8.32 -453.7 -1.41 KAZZINK 6 2103.2 6.56 6 2212.3 6.90 -109.1 -0.34 TNC Kazchrome 7 1817.2 5.67 7 1655.0 5.16 +162.2 +0.51 Bank 8 1120.5 3.49 10 942.5 2.94 +178.0 +0.55 CenterCredit Alliance Bank 9 934.3 2.91 9 1075.2 3.35 -140.9 -0.44 Aluminum 10 771.8 2.41 12 611.3 1.91 +160.5 +0.50 of Kazakhstan ATFBank 11 744.0 2.32 8 1234.6 3.85 -490.6 -1.53 UKTMIC 12 574.1 1.79 13 560.6 1.75 +13.5 +0.04 TEXAKABANK 13 521.9 1.63 14 509.6 1.59 +12.3 +0.04 BANK CASPIAN 14 468.0 1.46 15 350.6 1.09 +117.4 +0.37 Nurbank 15 284.7 0.89 17 278.0 0.87 +6.7 +0.02 KazTransCom 16 272.2 0.85 18 265.9 0.83 +6.4 +0.02 Temirbank 17 231.3 0.72 19 226.8 0.71 +4.5 +0.01 Astana-finance 18 209.1 0.65 16 294.6 0.92 -85.5 -0.27 Mangistau- 19 124.2 0.39 20 149.1 0.47 -24.9 -0.08 munaygas Pavlodar EPS 20 122.0 0.38 11 789.9 2.46 -667.9 -2.08 Valut- 21 115.2 0.36 21 112.5 0.35 +2.7 +0.01 Transit-Bank Rakhat 22 91.2 0.28 39 6.1 0.02 +85.1 +0.27 Corporation 23 88.5 0.28 23 93.8 0.29 -5.3 -0.02 Ordabasy Kant 24 84.1 0.26 24 85.0 0.26 -0.9 -0.00 Temirleasing 25 84.0 0.26 25 82.0 0.26 +2.0 +0.01 CHARALTYN 26 76.0 0.24 26 74.2 0.23 +1.8 +0.01 Kazakhinstrakh 27 70.8 0.221 22 108.6 0.34 -37.8 -0.12 Kazinvestbank 28 51.8 0.161 27 50.5 0.16 +1.2 +0.00 Chempharm 29 51.3 0.16 28 50.1 0.16 +1.2 +0.00 АOEP 30 48.1 0.15 29 47.0 0.15 +1.1 +0.00 -------------------------------------------------------------------------------- Abbreviations in the table Halyk bank - Halyk savings bank of Kazakhstan JSC; UKTMIC - Ust-Kamenogorsk titanium and magnium industrial complex JSC; Kazinstrakh - Company on foreign insurance Kazinstrakh JSC; Pavlodar EPS - PAVLODARENERGOSERVICE JSC, АOEP - Aktyubinsk oil equipment plant JSC. In order to get precise short names of the rest companies necessary to put JSC before the names given in the table, and the name itself to put in inverted commas. Notes to table Market capitalization of the company - value equals to product of quantity of company's shares (common and preferred), being in circulation, and the price of the last deal made on KASE on these shares. Quantity of paid shares is defined by KASE as the difference between the quantity of announced shares and quantity of shares on issuing and reissuing accounts of the issuer (including nominal holding), and also shares, which due to data of nominal holder are in ownership of the issuer. Noticeable that KASE takes into account new value of quantity of paid shares counting on market capitalization not on the date of excerpt making from register, but on date of receiving of this excerpt by stock exchange (to more accurate to say, on the date of its processing by stock exchange). Disadvantages of this method are evident. However, application of another method is not deemed as necessary, as KASE calculates capitalization index daily, takes into account it at values of indexes and cannot recalculate these indexes by back date. Pursuant to Listing Regulation the companies, whose securities are included into KASE's official list, are obliged, at present, to submit excerpts from register system of shareholders at the beginning of each calendar quarter. Each excerpt is processed by KASE either in the day of receiving or other working day. However, many issuers present excerpts as of date fixed in it with a significant delay (from several days till several months). Frankly speaking, among companies submitting excerpts with deep delay as a rule are production organizations with rarely changing authorized capital. Under calculation of market capitalization the companies on KASE still use the price of the last deal despite that whether this deal was market or nego. If on any shares of any company deals were not made on KASE, and at that, authorized bodies in the old legal field did not register all issues of these shares, face value of the share was taken into account of capitalization. If the issue of shares was registered in a new legal field (i.e. the meaning of face value of a share exists only for founders of companies under fee formation), on absence of deals on shares of this issue their market value is equaled to zero. Under calculation of market capitalization of the companies on the date of ranking of deals, held on KASE with shares this day, are not taken into consideration. In other words, capitalization index is calculated by results of the last trades, previous to the date of ranking. Market capitalization index is calculated in Kazakhstan tenge. It is converted into USD at weighted average rate of tenge against USD, summed up in the morning session of KASE in the last working day, previous to the date of ranking. Share of the company, % - index, obtained by referring market capitalization of the company to summary capitalization of stock exchange's market of shares of official list of securities of KASE and expressed in percentage. At closing of the market on June 30 of 2006 this index made 30,278.5 m. USD. 84 shares of 60 issuers were in official list of securities of KASE. [2006-07-04]