KASE COMMITTEE ON INDICES AND SECURITIES VALUATION DEFINES PRICE CORRIDOR PARAMETERS FOR PENSION ASSET MANAGEMENT COMPANIES ON EXCHANGE SECURITIES MARKET
/KASE, February 18, 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)
corridor (of for calculation Validity
Type (title) basic of absolute value of price
of securities amount) of price corridor corridor
- --------------------------------- ------------ ----------------- ----------------
Shares
-----------------------------------------------------------------------------------
common shares of KazTransOil +/-0.57 % closing price February 18, 13–
of preceding February 22, 13
trading day
common shares of Kazakhtelecom +/-1.75 % closing price February 18, 13–
of preceding February 22, 13
trading day
preferred shares of Kazakhtelecom +/-1.85 % closing price February 18, 13–
of preceding February 22, 13
trading day
common shares of KazMunaiGas +/-1.16 % closing price February 18, 13–
Exploration Production of preceding February 22, 13
trading day
preferred shares of KazMunaiGas +/-1.28 % closing price February 18, 13–
Exploration Production of preceding February 22, 13
trading day
- --------------------------------- ------------ ----------------- ----------------
Debt securities whose quotation subject is
-----------------------------------------------------------------------------------
"net" price +/-1.5 % market "net" February 18, 13–
price as of February 22, 13
January 1, 2013
"dirty" price +/-2.5 % market "net" February 18, 13–
price as of February 22, 13
January 1, 2013
- --------------------------------- ------------ ----------------- ----------------
GS
-----------------------------------------------------------------------------------
Notes of National Bank +/-0.08 pp yield on market February 18, 13–
price as of February 22, 13
February 18, 2013
MEKKAM +/-0.08 pp yield on market February 18, 13–
price as of February 22, 13
February 18, 2013
MEOKAM (< 366 days to redemption) +/-0.08 pp yield on market February 18, 13–
price as of February 22, 13
February 18, 2013
MEUKAM (< 366 days to redemption) +/-0.08 pp yield on market February 18, 13–
price as of February 22, 13
February 18, 2013
MEOKAM +/-0.08 pp yield on market February 18, 13–
(> 366 and < 1825 days to price as of February 22, 13
redemption) February 18, 2013
MEUKAM +/-0.08 pp yield on market February 18, 13–
(> 366 and < 1825 days to price as of February 22, 13
redemption) February 18, 2013
MEOKAM (> 1825 days to +/-0.19 pp yield on market February 18, 13–
redemption) price as of February 22, 13
February 18, 2013
MEUKAM (> 1825 days to +/-0.19 pp yield on market February 18, 13–
redemption) price as of February 22, 13
February 18, 2013
MEUJKAM +/-0,21 % yield on market February 18, 13–
price as of February 22, 13
February 18, 2013
MUIKAM +/-0,21 % yield on market February 18, 13–
price as of February 22, 13
February 18, 2013
-----------------------------------------------------------------------------------
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.
[2013-02-18]