/KASE, July 23, 14/ – Kazakhstan Stock Exchange (KASE) in accordance with
its internal document "Methodology of Securities Liquidity Indicators Defining"
(Methodology) composed lists of shares of the first, second and third classes of
liquidity for August – September 2014 out of shares admitted to circulation on
KASE. The lists were approved by July 23, 2014 decision of the Committee on
Indices and Securities Valuation and had been composed for the purpose of
applying of regulations of KASE internal documents "Regulations of Trades and
the Confirmation System Operation" and "Regulations on Market-Makers" to shares
contained therein.
Below is the list of shares of the first class of liquidity, effective from
August 1 to September 30, 2014 (securities titles are indicated in the
descending order of their liquidity):
1) common shares KZ1C29950017 (KZ1C00000744, KASE official list, first
category, KZTO) of KazTransOil;
2) preferred shares KZ1P51460114 (KZ000A0RMTC3, KASE official list, third
category, RDGZp) of KazMunaiGas Exploration Production;
3) common shares GB00B0HZPV38 (KASE official list, first category, GB_KZMS) of
KAZAKHMYS PLС;
4) common shares KZ1C59150017 (KZ1C00000876, KASE official list, first category,
KCEL) of Kcell;
5) common shares KZ1C33870011 (KZ000A0LE0S4, KASE official list, first category,
HSBK) of Halyk Savings Bank of Kazakhstan;
6) common shares KZ1C12280018 (KZ0009093241, KASE official list, first category,
KZTK) of Kazakhtelecom;
7) common shares KZ1C51460018 (KZ000A0KEZQ2, KASE official list, first category,
RDGZ) of KazMunaiGas Exploration Production;
8) common shares KZ1C00400016 (KZ000A0JC858, KASE official list, first category,
KKGB) of Kazkommertsbank;
9) common shares US0605051046 (KASE official list, second category, US_BAC_) of
Bank of America Corporation (Charlotte, USA);
10) common shares KZ1C34920013 (Unlisted Securities Sector, BTAS) of BTA Bank;
11) common shares KZ1C36280010 (KZ0007786572, KASE official list second
category, CCBN) of Bank CenterCredit;
12) preferred shares KZ1P12280114 (KZ0009094645, KASE official list, first
category, KZTKp) of Kazakhtelecom.
Trades in shares of the first class of liquidity are held on KASE on working
days – from 11:30 a.m. to 05:00 p.m. (Almaty time) by method of uninterrupted
counter-directed auction (whereas the so-called Frankfurt trading method is
used) and are switched to standby-mode in case of matching or crossing of bids
and asks, if the price of a proposed deal deviates from the last transaction
price of such shares by 10 %. For market-makers for the first liquidity class
shares the maximum values of spreads between the best mandatory quotations for
securities are set at 4 %.
Trades in shares of the second and third classes of liquidity are held at
KASE on working days – from 03:00 p.m. to 05:00 p.m. (Almaty time) by the
method of uninterrupted counter-directed auction and are switched to
standby-mode in case of matching or crossing of bids and asks, if the price of a
proposed deal deviates from the last transaction price of such shares by 5 %.
For market-makers of illiquid shares of the second and third classes of
liquidity the maximum values of spreads between the best mandatory quotations
for securities are set at 5 %.
The lists of shares of the first, second and third classes of liquidity for
June–July 2014 are available on KASE website at
http://www.kase.kz/files/normative_base/liquid_2014_june_july_eng.pdf
The lists of shares of the first, second and third classes of liquidity for
August– September 2014 are available on KASE website at
http://www.kase.kz/files/normative_base/liquid_2014_aug_sept.pdf
Regulations of Trades and Confirmation System Operation are available at –
http://www.kase.kz/files/normative_base/reglament_trade_eng.pdf
Regulations on Market-Makers are available at –
http://www.kase.kz/files/normative_base/m_maker_eng.pdf
Methodology of Securities Liquidity Indicator Defining is available at –
http://www.kase.kz/files/normative_base/metodika_liquid_eng.pdf
[2014-07-23]