"Kazakhtelecom" suggests KASE members to become the market-makers of its shares

/IRBIS, June 22, 00/ - Kazakhstan stock exchange (KASE) has received an official letter from the management of "Kazakhtelecom" (Astana), where the KASE members were suggested to become the market-makers of common and preferred shares of the company (KZ1C12280417 and KZ1P12280412, trade codes KZTK and KZTKp, official list of KASE securities, category "A"). This suggestion was made due to the company's desire to keep its shares liquid on the stock market of Kazakhstan. The management of "Kazakhtelecom" asks interested persons to contact with their suggestions Mr. Mamesh Darkhan at 8-3272-587454. Presently, at the KASE the market-maker status of "Kazakhtelecom" shares belongs to OJSC "Kazkommerts Securities" (Almaty), who will start fulfilling its obligations at the Exchange from June 26 of this year. The volume of mandatory quotations for KZTK and KZTKp is set at 100 shares. Due to an absence of criteria to determine market value of "Kazakhtelecom" shares, the market-maker will temporary work without any limitations on the spreads between mandatory quotations. The requirements are to be introduced in early December 2000.