The minimum lots are established on KASE at trade in the internal State Securities
/IRBIS, Oct.07, 99/ - KASE's Council since October 07, 1999 has established
minimum lots for submission of the applications in Trade system of exchange
in the sector of internal State Securities (SS) sale and purchase.
For tenge denominated SS (MEAKAM, МЕОКАМ, МЕККАМ, МЕIКАМ and
notes of the National Bank) the minimum lot is 100,000 tenges taking into
account the nominal value traded obligations.
For US dollars denominated SS (AVMEKAM, MEKAVM, hard currency notes
of the National Bank, bonds of the Mangystau oblast executive body) the
minimum lot is 1,000 US dollars taking into account the nominal value
The lots were established at the request of Exchange trade members, which
are not satisfied with performance of their applications for SS sale made
during the trade (at impossibility of the direct transactions, which since
August 02 are forbidden in the KASE's sector of SS sale and purchase). In
their opinion, the absence of lot size restrictions results in the unjustified
splitting of SS blocks, that, in turn, causes an appearance of the low liquidity