/IRBIS, October 23, 2008/ - October 16 the Vice-Chairman of Agency of
Republic of Kazakhstan on Regulation and Supervision of Financial Market
and Financial Organizations (AFS) Alina Aldambergenova announced that
AFS plans to get the right for trades intermittence on Kazakhstan Stock
Exchange (KASE) till the end of the current year due to high volatility of share
quotation.
Analysts, participated in the current expert interview of IRBIS Information
Agency of Financial Markets, consider that implementation of such
mechanism in Kazakhstan stock market is inappropriate and ineffective
measure. While arguing, experts stresses experience of other countries,
where trades intermittence didn't bring to pressure decreasing on the stock
market, on low liquidity of domestic market and on unacceptance of
government interference in private interests.
More detailed information on expert interview, dated October 23, 2008 is
available at
http://www.kase.kz/mix/exp_231008.pdf.
The expert interview is conducted weekly on the basis of the most acute questions
of domestic and world markets development. Participants of the interview are
experts of leading Kazakhstan professional participants of financial markets.
For additional information: Tel.: (727) 237 53 41, 237 53 28
[2008-10-23]