/IRBIS, Jan 03, 02/ - Kazakhstan Stock Exchange (KASE) defined list of companies - leading operators of the KASE government securities market for December 2001.

The rating is made according to portion of concluded deals in aggregate gross turnover of trades (total of purchased and sold bonds). The rating included purchase-sale deals (12.7% of the secondary market) and direct and reverse repo operations (87.3%). The position of each entity was expressed in currency of the payments, i.e. tenge.

In total, 22 companies participated in trades with GB at KASE in December (banks, broker-dealer companies, pension assets management companies and SAPF). Below is the list of 10 the most active operators given in descending order of their shares in total deals volume.

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Position                                                              Share in
      in Position                                                        gross
     Dec   in Nov                                                       volume
    2001     2001 Brief title of a company                        of trades, %
-------- -------- ----------------------------------------------- ------------
       1        5 Bank TuranAlem OJSC (Almaty)                            32.1
       2        1 AMB OJSC (Almaty)                                        7.6
       3        2 KAZKOMMERTSBANK OJSC (Almaty)                            7.2
       4        7 Bank CentreCredit OJSC (Almaty)                          7.1
       5        3 State Accumulative Pension Fund CJSC (Almaty)*           5.9
       6        9 Temirbank OJSC (Almaty)                                  5.3
       7        6 PAMC ZHETISU CJSC (Almaty)                               3.8
       8        8 Pension Assets Management Company of Halyk Bank
                  Kazakhstan CJSC (Almaty)                                 3.6
       9       10 Eurasian bank CJSC (Almaty)                              3.3
      10       11 Bank Caspian OJSC (Almaty)                               2.8
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* - market-maker of Kazakhstan euronotes (fourth issue) in the Sector of small lots of KASE

Newcomers of "active ten" in December were - Bank Caspian OJSC (Almaty), which replaced Halyk Bank of Kazakhstan OJSC (Almaty, fourth position in November).

In 2001 there were 28 companies participating in GS deals at KASE. The following is the most active 10:

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                                                           Share in
Position Position                                      gross volume
    2001     2000 Brief title of company               of trades, %
-------- -------- ------------------------------------ ------------
       1        5 Bank TuranAlem OJSC                          15.1
       2        3 AMB OJSC                                     13.7
       3        2 State Accumulative Pension Fund CJSC          9.1
       4        8 Bank CenterCredit OJSC                        7.9
       5        1 Halyk Bank of Kazakhstan OJSC                 7.5
       6        7 KAZKOMMERTSBANK OJSC                          6.7
       7        9 Pension Assets Management Company of
                  HalykBank Kazakhstan CJSC                     5.4
       8       10 PAMC ZHETYSU CJSC                             5.1
       9        6 Euroasian bank CJSC                           4.8
      10       14 Temirbank OJSC                                4.3
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