/KASE, September 2, 08/ - The Risk Committee of Kazakhstan Stock Exchange
(KASE) decided to exclude from September 2, 2008 from the representative list
of indices KASE_BY, KASE_BP and KASE_BC all fifth issue bonds (NIN -
KZPC2Y03B579, trading code - ASBNb5) of Alliance Bank (Almaty) due to the
circulation period termination.
In addition, the Risk Committee decided from September 2, 2008 at calculation of
KASE_BP index to use the adjustment coefficient (К), equal to 0.9975589, at
calculation of KASE_BC - 0.9972011, KASE_BY - 0.9879200. Before the
mentioned date, К for KASE_BP index equaled to 0.9975613, for KASE_BC -
0.9972045 and 0.9880248 for KASE_BY accordingly.
KASE_BY reflects the weighted average (through the issue volume) yield of
KASE official list corporate bonds, calculated on deals of the last effective
for ach bond, included into the representative list, day.
KASE_BP - the index of KASE official list corporate bonds prices, calculated
considering the entire accrued interest, including not paid interest (the
"dirty" rices index).
KASE_BC - the index of KASE official list corporate bonds prices, calculated on
"net" prices (prices not considering the accumulated inertest, expressed I
percentage to a security face value).
All mentioned indices are calculated by KASE once a day by results on trades in
corporate bonds.
The unit weight of bonds of each denomination in indicators value is limited by
fifteen percent. Given this only the volume of offered and not purchased by the
issuer bonds is considered according to documents existing in KASE. The
limitation is made through the above mentioned limiting coefficient.
Methodology of indices calculation is regulated by the KASE internal document
"Methodology of Stock Exchange Indicators Calculation", available at
http://www.kase.kz/geninfo/normbase/indicators_met.pdf
[2008-09-02]