KASE COMMITTEE ON INDICES AND SECURITIES VALUATION DEFINES PRICE CORRIDOR PARAMETERS FOR PENSION ASSET MANAGEMENT COMPANIES ON EXCHANGE SECURITIES MARKET
06.05.13 12:21
/KASE, May 6, 13/ – In accordance with the letter from the National Bank of
the Republic of Kazakhstan dated February 1, 2013 the Committee on Indices
and Securities Valuation (Committee) of Kazakhstan Stock Exchange (KASE)
has defined parameters of price corridors to enable pension asset management
companies to calculate maximum allowed purchase or 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 April 29, 2013 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 lower limit
of the price being not restricted;
–the lower limit of securities' selling 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 being not restricted.
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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
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Shares
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common shares of +/-0.38 % closing price of May 6, 13–May 12, 13
KazTransOil preceding trading day
common shares of +/-1.69 % closing price of May 6, 13–May 12, 13
Kazakhtelecom preceding trading day
preferred shares of +/-1.67 % closing price of May 6, 13–May 12, 13
Kazakhtelecom preceding trading day
common shares of +/-0.91 % closing price of May 6, 13–May 12, 13
KazMunaiGas preceding trading day
Exploration Production
preferred shares of +/-1.19 % closing price of May 6, 13–May 12, 13
KazMunaiGas preceding trading day
Exploration Production
- ---------------------- ------------ --------------------- --------------------
Debt securities whose quotation subject is
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"net" price +/-1.5 % market "net" price May 6, 13–May 12, 13
as of March 26, 2013
"dirty" price +/-2.5 % market "dirty" price May 6, 13–May 12, 13
as of March 26, 2013
- ---------------------- ------------ --------------------- --------------------
GS
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Notes of National Bank +/-0.07 пп yield at market price May 6, 13–May 12, 13
as of May 6, 2013
MEKKAM +/-0.07 пп yield at market price May 6, 13–May 12, 13
as of May 6, 2013
MEOKAM (< 366 days +/-0.07 пп yield at market price May 6, 13–May 12, 13
to redemption) as of May 6, 2013
MEUKAM (< 366 days +/-0.07 пп yield at market price May 6, 13–May 12, 13
to redemption) as of May 6, 2013
MEOKAM +/-0.07 пп yield at market price May 6, 13–May 12, 13
(> 366 and < 1825 days as of May 6, 2013
to redemption)
MEUKAM +/-0.07 пп yield at market price May 6, 13–May 12, 13
(> 366 and < 1825 days as of May 6, 2013
to redemption)
MEOKAM (> 1825 days +/-0.10 пп yield at market price May 6, 13–May 12, 13
to redemption) as of May 6, 2013
MEUKAM (> 1825 days +/-0.10 пп yield at market price May 6, 13–May 12, 13
to redemption) as of May 6, 2013
MEUJKAM +/-0.22 % yield at market price May 6, 13–May 12, 13
as of May 6, 2013
MUIKAM +/-0.22 % yield at market price May 6, 13–May 12, 13
as of May 6, 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.
Due to an increase of inflation from 6.69 % to 7.01 % APR over the past three
months as well as to a decrease and fixing of the yield on GS auctions the
Committee took a decision to use market price fixed as of March 26, 2013 as the
basis value parameters of frontiers of corridors for corporate bonds (January 1,
2013 market prices were used earlier). The indicated data on corporate bonds
are to be used until the Committee's next meeting.
[2013-05-06]