KASE COMMITTEE ON INDICES AND SECURITIES VALUATION DEFINES PRICE CORRIDOR PARAMETERS FOR PENSION ASSET MANAGEMENT COMPANIES ON EXCHANGE SECURITIES MARKET
27.05.13 11:21
/KASE, May 27, 13/ – In accordance with the letter from the National Bank
of the Republic of Kazakhstan "On Approval of List of Financial Instruments
Admissible for Purchase at the Expense of Pension Assets and Setting Norms
Ensuring Financial Sustainability of Accumulative Pension Funds" of February 25,
2013 # 70 the Committee on Indices and Securities Valuation (the 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
- ---------------------- ------------ --------------------- --------------------
Shares
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common shares of +/-0.36 % closing price of May 27, 13–June 2, 13
KazTransOil preceding trading day
common shares of +/-1.21 % closing price of May 27, 13–June 2, 13
Kazakhtelecom preceding trading day
preferred shares of +/-1.21 % closing price of May 27, 13–June 2, 13
Kazakhtelecom preceding trading day
common shares of +/-0.89 % closing price of May 27, 13–June 2, 13
KazMunaiGas preceding trading day
Exploration Production
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Debt securities whose quotation subject is
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"net" price +/-1.5 % market "net" price May 27, 13–June 2, 13
as of March 26, 2013
"dirty" price +/-2.5 % market "dirty" price May 27, 13–June 2, 13
as of March 26, 2013
- ---------------------- ------------ --------------------- --------------------
GS
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Notes of National Bank +/-0.07 pp yield at market price May 27, 13–June 2, 13
as of May 27, 2013
MEKKAM +/-0.07 pp yield at market price May 27, 13–June 2, 13
as of May 27, 2013
MEOKAM (< 366 days +/-0.07 pp yield at market price May 27, 13–June 2, 13
to redemption) as of May 27, 2013
MEUKAM (< 366 days +/-0.07 pp yield at market price May 27, 13–June 2, 13
to redemption) as of May 27, 2013
MEOKAM +/-0.07 pp yield at market price May 27, 13–June 2, 13
(> 366 and < 1825 days as of May 27, 2013
to redemption)
MEUKAM +/-0.07 pp yield at market price May 27, 13–June 2, 13
(> 366 and < 1825 days as of May 27, 2013
to redemption)
MEOKAM (> 1825 days +/-0.09 pp yield at market price May 27, 13–June 2, 13
to redemption) as of May 27, 2013
MEUKAM (> 1825 days +/-0.09 pp yield at market price May 27, 13–June 2, 13
to redemption) as of May 27, 2013
MEUJKAM +/-0.23 % market "dirty" price May 27, 13–June 2, 13
as of May 27, 2013
MUIKAM +/-0.23 % market "dirty" price May 27, 13–June 2, 13
as of May 27, 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.
The value parameters of frontiers of corridors for shares and GS are revised
by the Committee weekly as of the beginning of a working day of each calendar
week. On corporate bonds the mentioned values of frontiers of corridors will
be used until the Committee next meeting.
[2013-05-27]