Stock Market Simulator: 3-day trading volume reaches KZT437 m.

/KASE, April 4, 2017/ – As previously reported, a training contest "Stock Market Simulator", organized by Kazakhstan Stock Exchange (KASE) and Financial Markets Information Agency "IRBIS", is held from March 29 to April 26, 2017. 2,767 deals worth KZT436,995.6 th were made from March 29 to 31, 2017 according to the trading results. Common shares of Kcell (325 deals worth KZT56,939.2 th.) and common shares of Bank of America Corporation (312 deals worth KZT74,215.3 th.) were most actively traded. During the first three trading days, 396 students out of 1,398 registered took part, which means that each of them made at least one deal. The maximum number of deals per participant is 52 with the maximum volume of deals per participant being KZT27,381.0 th. The purpose of the project "Stock Market Simulator" is to improve the financial literacy in young professionals and allow them obtaining stock market practical skills. The students are given the opportunity to trade the most liquid securities in the Kazakhstan market, most of which are from the KASE Index. Each participant is given a portfolio of one million tenge before the auctions. The main task of students is to create the best portfolio, which will determine the winners of the contest. This contest has been held by a KASE group of companies since 2008. In just nine years, more than 4,000 people from more than 50 universities of Kazakhstan took part in the auctions. [2017-04-04]