On September 2 490,000 units RU000A101NK4 (RU_UKFFipo) of CUIT "Initial offerings fund" in the amount of USD10.4 mln were sold in KASE's trading system
/KASE, September 3, 2020/ – A special trading session for selling of units
RU000A101NK4 (sector "Securities of investment funds", RU_UKFFipo) of the
closed unit investment trust of market financial instruments "Initial offerings
fund" was held in the trading system of Kazakhstan Stock Exchange (KASE) on
Freedom Finance JSC (Almaty) acted as the seller during the special trading
A total of 490,000 units were offered. The trade subject was the price of one
unit denominated in US dollars with accuracy of up to the second decimal place.
The volume of one order was equal to product of the number of units indicated
in the order, and the price of one unit denominated in US dollars with accuracy
of up to the second decimal place. Deals were settled in US dollars.
As at the end of the order collection 1,188 orders arrived in KASE's trading
system, with 396 of them recognized as active. Bid to ask made up 108.1 %.
Legal entities accounted for 8.2 % in the total amount of active orders,
individuals – for 91.8 %.
The price in active orders submitted made up USD21.2 per unit. The total
demand on active orders made up USD11,224,679.2.
As a result of the trades, the seller executed 373 orders at a price of USD21.2
(equivalent to KZT8,887.9 at the exchange rate of the National Bank of the
Republic of Kazakhstan), thereby selling 490,000 units (100% of the proposed
volume) with a total volume of USD10,388,000.0 (equivalent to
KZT4,355,065,120.03 at the exchange rate of the National Bank of the Republic
According to the data of the Central Securities Depository JSC (Almaty), all
deals according to the results of the trades by the time of publication of this
information were executed, whereby 8.9%, in terms of amount raised, were
purchased by legal entities, 91.1% – by individuals.