/IRBIS, Feb 01, 02/ - Kazakhstan Stock Exchange (KASE) defined list of companies - leading operators of the KASE government securities market for January 2002.

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 (11.7% of the secondary market) and direct and reverse repo operations (88.3%). The position of each entity was expressed in currency of the payments, i.e. tenge.

In total, 21 company participated in trades with GB at KASE in January excluding the National Bank of Kazakhstan (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
     Jan   in Dec                                                       volume
    2001     2001 Brief title of a company                        of trades, %
-------- -------- ----------------------------------------------- ------------
       1        1 Bank TuranAlem OJSC (Almaty)                            20.3
       2        7 PAMC ZHETISU CJSC (Almaty)                              11.8
       3        2 AMB OJSC (Almaty)                                       10.4
       4        4 Bank CentreCredit OJSC (Almaty)                          8.8
       5        5 State Accumulative Pension Fund CJSC (Almaty)            7.7
       6        8 Pension Assets Management Company of Halyk Bank
                  Kazakhstan CJSC (Almaty)                                 7.3
       7        9 Eurasian bank CJSC (Almaty)                              5.2
       8        6 Temirbank OJSC                                           3.4
       9       10 Bank Caspian OJSC (Almaty)                               2.2
      10        3 KAZKOMMERTSBANK OJSC (Almaty)                            1.6
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There were no newcomers of "active ten" in January. However, positions in the rating have changed significantly relative to December of last year.