BANK CASPIAN OJSC (Kazakhstan) relinquished market-maker status of Russian rouble at KASE

/KASE, July 29, 02/ - By decision of Kazakhstan stock exchange (KASE) Board starting from August 12, 2002 BANK CASPIAN (Almaty) is deprived of its market- maker status of Russian rouble. The reason for decision made was an application of BANK CASPIAN OJSC on voluntary rejection of market -maker status. In its commentary BANK CASPIAN OJSC informed that decision of voluntary rejection of market-maker status of rouble at KASE is related with a low activity of trades in this currency on exchange floors. Bank also informed that for permanent counteragents of Russian rouble at over- the-counter market quotations will be set by BANK CASPIAN OJSC in the same order at "maximum competitive base". So, after August 12 one market maker of Russian rouble - Bank TuranAlem OJSC (Almaty) - will be operating. [2002-07-29]