Revised Methodology of Securities Liquidity Indicators Defining to be put into effect from November 20, 2017
/KASE, October 31, 2019/ – Following a decision of Kazakhstan Stock Exchange
(KASE) Management Board dated October 24, 2019, the revised KASE internal
document "Methodology of Securities Liquidity Indicators Defining" (Methodology)
was approved, with effect as of November 1, 2019.
The revised Methodology states that the lists of the first, second and third
liquidity classes will be composed out of the following types of securities
listed on the Exchange:
- securities of investment funds;
- depositary receipts.
At calculation of liquidity indicators for purposes of security liquidity lists,
the absolute values for each security will be used instead of relative ones,
which will allow viewing the objective information on the liquidity of
particular securities in progress and will allow defining the actual liquidity
Liquidity indicators will be calculated as before, based on four parameters:
- the indicator of amount of transactions in securities of each title;
- the indicator of the number of transactions in securities of each title;
- the indicator of the number of members of the Exchange that took part in
concluding transactions in securities of each title;
- the indicator of the number of successful days, when transactions in
securities of each title were concluded.
The calculation of liquidity indicators and composing of lists will be carried
out on a monthly basis at the end of each calendar month (currently, the lists
are composed once every two months).
From November 1, 2019 the current Methodology will be considered as invalid.
The revised Methodology will be available soon on KASE website.