KASE COMMITTEE ON INDICES AND SECURITIES VALUATION DEFINES PRICE CORRIDOR PARAMETERS FOR PENSION ASSET MANAGEMENT COMPANIES ON EXCHANGE SECURITIES MARKET
/KASE, February 11, 13/ - In accordance with a letter from the National Bank of the Republic of Kazakhstan dated February 1, 2013 the Committee on Indices and Securities Valuation of Kazakhstan Stock Exchange (KASE) has defined parameters of price corridors to enable pension asset management companies to calculate maximum allowed purchase and sale prices of securities in KASE trading system.
The table below shows values of the limits, basis figures (prices or yield), which are to be used for calculation of absolute values of price corridors and durations of price corridors defined by February 11, 3012 decision of the Committee.
According to the Committee's mentioned decision:
- the upper limit of securities' purchase price is equal to the upper frontier of the price corridor indicated in the table; however for common shares of JSC "KazTransOil" - not higher than KZT850 per share with the upper limit of the price not restricted;
- the lower limit of securities' purchase price is equal to the lower frontier of the price corridor indicated in the table; however for common shares of JSC "KazTransOil" - not lower than KZT750 per share with the upper limit of the price not restricted.
----------------------------------------------------------------------------------------- Frontier Basic amount of price (price or yield) for corridor (of calculation of Validity Type (title) basic absolute value of price of securities amount) of price corridor corridor --------------------------------- ------------ ----------------------- ------------------
Shares
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common shares of KazTransOil +/-0.63 % closing price of February 11, 2013-
preceding trading day February 15, 2013
--------------------------------- ------------ ----------------------- ------------------
common shares of Kazakhtelecom +/-1.83 % closing price of February 11, 2013-
preceding trading day February 15, 2013
--------------------------------- ------------ ----------------------- ------------------
preferred shares of Kazakhtelecom +/-1.94 % closing price of February 11, 2013-
preceding trading day February 15, 2013
--------------------------------- ------------ ----------------------- ------------------
common shares of KazMunaiGas +/-1.18 % closing price of February 11, 2013-
Exploration Production preceding trading day February 15, 2013
--------------------------------- ------------ ----------------------- ------------------
preferred shares of KazMunaiGas +/-1.30 % closing price of February 11, 2013-
Exploration Production preceding trading day February 15, 2013
--------------------------------- ------------ ----------------------- ------------------
Debt securities whose quotation subject is
------------------------------------------------------------------------------------------
"net" price +/-1.5 % market "net" price February 11, 2013-
as of January 1, 2013 March 1, 2013
--------------------------------- ------------ ----------------------- ------------------
"dirty" price +/-2.5 % market "dirty" price February 11, 2013-
as of January 1, 2013 March 1, 2013
--------------------------------- ------------ ----------------------- ------------------
GS
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Notes of National Bank +/-0.08 pp yield on market price February 11, 2013-
as of February 11, 2013 February 15, 2013
--------------------------------- ------------ ----------------------- ------------------
MEKKAM +/-0.08 pp yield on market price February 11, 2013-
as of February 11, 2013 February 15, 2013
--------------------------------- ------------ ----------------------- ------------------
MEOKAM (< 366 days to redemption) +/-0.08 pp yield on market price February 11, 2013-
as of February 11, 2013 February 15, 2013
--------------------------------- ------------ ----------------------- ------------------
MEUKAM (< 366 days to redemption) +/-0.08 pp yield on market price February 11, 2013-
as of February 11, 2013 February 15, 2013
--------------------------------- ------------ ----------------------- ------------------
MEOKAM +/-0.09 pp yield on market price February 11, 2013-
(> 366 and < 1825 days to as of February 11, 2013 February 15, 2013
redemption)
--------------------------------- ------------ ----------------------- ------------------
MEUKAM +/-0.09 pp yield on market price February 11, 2013-
(> 366 and < 1825 days to as of February 11, 2013 February 15, 2013
redemption)
--------------------------------- ------------ ----------------------- ------------------
MEOKAM (> 1825 days to +/-0.19 pp yield on market price February 11, 2013-
redemption) as of February 11, 2013 February 15, 2013
--------------------------------- ------------ ----------------------- ------------------
MEUKAM (> 1825 days to +/-0.19 pp yield on market price February 11, 2013-
redemption) as of February 4, 2013 February 15, 2013
--------------------------------- ------------ ----------------------- ------------------
MEUJKAM +/-0.21 % market "dirty" price February 11, 2013-
as of February 11, 2013 February 15, 2013
--------------------------------- ------------ ----------------------- ------------------
MUIKAM +/-0.21 % market "dirty" price February 11, 2013-
as of February 11, 2013 February 15, 2013
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Notes to table: market price means the price obtained by the exchange as a result of market valuation in accordance with the Methodology of Securities Valuation;
pp - percentage points.
Values of corridor frontiers on shares and GS will be reviewed by the Committee on a weekly basis as of the beginning of the first business day of each calendar week. Values of corridor frontiers on corporate bonds will be reviewed on March 1 this year.
[2013-02-11]