/KASE, October 31, 2019/ – From November 1, 2019, Kazakhstan Stock Exchange (KASE)
Committee on Indices and Securities Valuation by its decision of October 31, 2019
defined new parameters for shares included in KASE Index's universe – portions of
shares in free float and restrictive coefficients.
The table below shows the new share parameters, and those which were in effect
before November 1, 2019 that influence the value of KASE Index.
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Effective from November 1, 2019 Effective before November 1, 2019
-------------- ------- ---------------- -------------- ------- ----------------
Ticker qnty of free restrictive qnty of free restrictive
outstanding float coefficient (Ri) outstanding float coefficient (Ri)
shares (Fi), % shares (Fi), %
------- -------------- ------- ---------------- -------------- ------- ----------------
CCBN 165,637,911 41.7 1.0000000 165,637,911 41.7 1.0000000
GB_KZMS 480,723,977 61.3 0.0883976 480,723,977 55.6 0.0320845
HSBK 11,754,049,397 35.5 0.1106372 11,754,049,397 25.5 0.0599880
KCEL 200,000,000 25.0 0.5396948 200,000,000 20.0 0.3109220
KEGC 259,998,610 10.0 1.0000000 259,998,610 10.0 0.5866033
KZTK 10,706,024 23.0 0.9650749 10,706,024 23.0 0.3947221
KZTO 384,628,099 10.0 1.0000000 384,628,099 10.0 0.5903420
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Included in KASE Index universe
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KZAP 259,356,608 18.7 0.2257234 - - -
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Besides, following the mentioned decision of the Committee on Indices and
Securities Valuation, as of November 1, 2019 a new adjustment coefficient
(K) value – 1.9608292 will be used.
NOTES TO TABLE
KASE Index – KASE share market index, showing change of prices of shares
from the representative list for calculation of the index with account to
capitalization of issuers and number of free floating shares (free float). One
stock may not exceed 15 % weight in the index. KASE Index is calculated within
a trading day as deals in the representing stocks are concluded. In case no
deals, parameters of which are required for calculation of the KASE Index, were
made in the stock during a trading day, for purposes of such calculation,
results of the last resultant trading session will be used.
The Methodology of index calculation is regulated by KASE internal document
"Methodology of Stock Market Indicators Calculation", available on KASE
website at
http://www.kase.kz/files/normative_base/indicators_met_eng.pdf
The index page is available at
http://www.kase.kz/stock_market/index_kase
Ticker shows: issuer code of a security traded on KASE (the first 4 symbols,
which is also the code of a common share); share category (if the fifth symbol
is "p", preferred share); order number of the share issue (if required, it is
the sixth numeric symbol). Issuers code: CCBN – Bank CenterCredit JSC;
GB_KZMS – KAZAKHMYS PLC; HSBK – Halyk Savings Bank of Kazakhstan JSC; KCEL –
Kcell JSC; KEGC – Kazakhstan Electricity Grid Operating Company "KEGOC" JSC (KEGC);
KZAP – National atomic company "Kazatomprom" JSC; KZTK – Kazakhtelecom JSC; KZTO – KazTransOil JSC.
Number of outstanding shares – parameter, which is determined independently by
KASE on the basis of listing company share register extract data or information
provided by the company as a number of outstanding shares of a listing company
net of those redeemed. KASE, while calculating KASE Index, is taking into account
the number of outstanding shares, which is confirmed by documents available on KASE.
Free float (Fi), % – parameter, determined by KASE as the number of shares
not owned by the government, the issuer's management and shareholders,
who own five or more percent of common shares of the issuer, except for
shareholders in regard of which the Committee on Indices and Securities
Valuation made a decision that such shareholders shall not be deemed as
strategic (institutional investors, nominal holders, and entities performing
functions of settlement service etc.).
Restrictive coefficient (Ri) – parameter limiting the weight of influence of
each stock on the index value to fifteen percent.
[2019-10-31]