/REPETITION/ KASE TO TRY CONTRACT TRADING DAY FOR ILLIQUID SHARES JUNE 1 THROUGH OCTOBER 1, 2009

01.06.09 13:01
/KASE, June 1, 09, repetition of the news dated May 15, 09/ - Kazakhstan Stock Exchange (KASE) informs that in pursuance with the KASE Council decision dated May 5, 2009 the KASE Board on May 12 made a decision to experiment in the period June 1 through October 1, 2009 to contract trading window for illiquid shares. Trade in such shares will be held on business days from 15:00 p.m. through 17:00 p.m. ALT. The experiment is a step to implement the Exchange Development Strategy for 2007-2010, which prescribes to activate a market of illiquid shares through concentration of ask and bid and reducing a trade window for such shares. As the matter is ambiguous, the KASE Council decided to launch an experiment, and make a decision on necessity to change trade regulation for illiquid shares after the experiment. To compose a list of illiquid shares for the sake of the experiment the Exchange defined criteria to distinguish between liquid and illiquid shares. Liquid shares are those listed on KASE and meeting the following requirements in the period April 1, 2008 through March 31, 2009: - 45 or more "open" deals in the period; - 25 or more resultant trading days in the period (roughly 10 % of the total of trading days in the period); - 9 or more KASE members were counterparties of the open deals (about 10 % of the total of KASE category "P" members). The criteria were approved by the Exchange Council decision on May 5, 2009. Seventy nine stocks listed on KASE were checked for compliance with the criteria (as on April 1, 2009 102 stocks were listed on KASE, at that, trade was not open in regard of twenty three of those stocks). The check showed twenty eight stocks complied with the criteria, and fifty one stocks did not comply. Therefore, KASE will change trade regulation in the period June 1 through October 1, 2009 on the following illiquid stocks: 1) common shares of SAT & Company (trading code - SATC); 2) common shares of ATFBank (trading code - ATFB); 3) common shares of Joint Investment Real Estate Fund Velikaya Stena (trading code - VSTN); 4) common shares of KazTransCom (trading code - KZTC); 5) common shares of Temirleasing (trading code - TMLZ); 6) preferred shares of ORDABASY Corporation (trading code - ORDBp); 7) preferred shares of Kaspi Bank (trading code - CSBNp); 8) preferred shares of Eximbank Kazakhstan (trading code - EXBNp); 9) common shares of Rakhat (trading code - RAHT); 10) preferred shares of Halyk Savings Bank of Kazakhstan (trading code - HSBKp); 11) common shares of Danabank (trading code - DNBN); 12) preferred shares of Ust-Kamenogorsk Titanium Magnesium Plant (trading code - UTMKp); 13) common shares of Aktobe Oil Equipment Plant (trading code - AZNO); 14) preferred shares of Atameken-Agro (trading code - KATRp); 15) common shares of Insurance Company Kommesk-Omir (trading code - KMSO); 16) common shares of Subsidiary of Halyk Bank of Kazakhstan - Halyk - Kazakhinstrakh (trading code - KZIS); 17) common shares Kant (trading code - KANT); 18) preferred shares of KazTransCom (trading code - KZTCp); 19) common shares of Chimpharm (trading code - CHFM); 20) preferred shares of Chimpharm (trading code - CHFMp); 21) common shares of Pavlodar Regional Electric Distribution Company (trading code - PDES); 22) common shares of ROSA (trading code - ROSA); 23) common shares of REMIX-R (trading code - RMXR); 24) common shares of Subsidiary of Joint stock company BTA Bank Insurance company London-Almaty (trading code - LNAT); 25) preferred shares of Tsesnabank (trading code - TSBNp); 26) preferred shares of Kazcat (trading code - ZERDp); 27) common shares of Sumbe (trading code - SUMB); 28) common shares of ASTEL (trading code - ASTL); 29) common shares of GLOTUR (trading code - GLOT); 30) preferred shares of Nurbank (trading code - NRBNp6); 31) common shares of KRTH ZANGAR (trading code - ZNGR); 32) preferred shares of KRTH ZANGAR (trading code - ZNGRp); 33) common shares of Kazakhstan Petrochemical Industries (trading code - ATOL); 34) common shares of Kazakh distribution company (trading code - KZDK); 35) common shares of Ornek XXI (trading code - ORNK); 36) common shares of SENIM-BANK (trading code - SNBN); 37) common shares of Shymkent Munai Onimderi (trading code - SHMO); 38) common shares of AstanaGasService (trading code - ASZS); 39) common shares of AMF Group (trading code - AKFI); 40) common shares of ASIA AVTO (trading code - ASAV); 41) common shares of Astana-Nedvizhimost (trading code - ASND); 42) preferred shares of Astana-Nedvizhimost (trading code - ASNDp); 43) common shares of ASIA SUGAR (trading code - ASSA); 44) common shares of Bayan Sulu (trading code - BSUL); 45) common shares of EKOTON+ (trading code - EKTN); 46) common shares of Atameken-Agro (trading code - KATR); 47) common shares of Karaganda Asbestos and Cement Production Plant (trading code - KAZI); 48) preferred shares of Karaganda Asbestos and Cement Production Plant (trading code - KAZIp); 49) common shares of Mangistaumunaigaz (trading code - MMGZ); 50) common shares of RTS Decaux (trading code - RTCP); 51) preferred shares of Corporation Tsesna (trading code - TSNAp). [2009-06-01]