Increase in capitalization of stock market for PIS of Kazakhstan in December is due to growth in share prices

/IRBIS, Jan.7, 00/ - As of January 1, 2000 stock market capitalization for corporate securities of Kazakhstan (A+B+N excluding GOB) equaled USD2,264.4 mln, or KZT313,054.2 mln at KZT to USD rate of the Exchange effective on that date. At the beginning of December 1999 corresponding figure equaled USD2,199.7 mln, or KZT303,337.7 mln. Capitalization increased in dollar terms by $64.7 mln within a month, which was mainly due to a growth in market value of: - common shares of OJSC "Corporation Kazakhmys" - by 1.1% (in December the price of this instrument reached its maximum - $21.0 per share, but went down to $9.41 by the end of the period); - common shares of OJSC "SHNOS" - by 25.7%; - preferred shares of OJSC "Mangistaumunaigas" - by 40.0%; - preferred shares of "KAZAKHTELECOM" - by 10.0%; - common shares of OJSC "Bank TuranAlem" (previously par value was used because of absence of transactions). Total of 88 (87) PIS of 66 (66) emitters were in trade lists of KASE at the end of December (in parentheses are figures for the end of November).