KASE COMMITTEE ON INDICES AND SECURITIES VALUATION DEFINES PRICE CORRIDOR PARAMETERS FOR PENSION ASSET MANAGEMENT COMPANIES ON EXCHANGE SECURITIES MARKET
/KASE, June 3, 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 (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 June 3, 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 +/-0.35 % closing price of June 3, 2013–
KazTransOil preceding trading day June 9, 2013
common shares of +/-1.11 % closing price of June 3, 2013–
Kazakhtelecom preceding trading day June 9, 2013
preferred shares of +/-1.11 % closing price of June 3, 2013–
Kazakhtelecom preceding trading day June 9, 2013
common shares of +/-0.91 % closing price of June 3, 2013–
KazMunaiGas preceding trading day June 9, 2013
Exploration Production
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Debt securities whose quotation subject is
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"net" price +/-1.5 % market "net" price June 3, 2013–
as of March 26, 2013 June 9, 2013
"dirty" price +/-2.5 % market "dirty" price June 3, 2013–
as of March 26, 2013 June 9, 2013
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GS
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Notes of National Bank +/-0.07 pp yield at market price June 3, 2013–
as of June 3, 2013 June 9, 2013
MEKKAM +/-0.07 pp yield at market price June 3, 2013–
as of June 3, 2013 June 9, 2013
MEOKAM (< 366 days +/-0.08 pp yield at market price June 3, 2013–
to redemption) as of June 3, 2013 June 9, 2013
MEUKAM (< 366 days +/-0.08 pp yield at market price June 3, 2013–
to redemption) as of June 3, 2013 June 9, 2013
MEOKAM +/-0.07 pp yield at market price June 3, 2013–
(> 366 and < 1825 days as of June 3, 2013 June 9, 2013
to redemption)
MEUKAM +/-0.07 pp yield at market price June 3, 2013–
(> 366 and < 1825 days as of June 3, 2013 June 9, 2013
to redemption)
MEOKAM (> 1825 days +/-0.09 pp yield at market price June 3, 2013–
to redemption) as of June 3, 2013 June 9, 2013
MEUKAM (> 1825 days +/-0.09 pp yield at market price June 3, 2013–
to redemption) as of June 3, 2013 June 9, 2013
MEUJKAM +/-0.22 % market "dirty" price June 3, 2013–
as of June 3, 2013 June 9, 2013
MUIKAM +/-0.22 % market "dirty" price June 3, 2013–
as of June 3, 2013 June 9, 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.
[2013-06-03]