/IRBIS, July 1, 02/ - Kazakhstan Stock Exchange (KASE) defined list of companies - leading operators of the KASE government securities market for June 2003.

The rating is made according to portion of concluded deals in aggregate gross turnover of trades (total of purchased and sold bonds). The position of each entity was expressed in currency of the payments - tenge.

In total, 20 companies participated in trades with GB at KASE in June 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. Their share in total turnover of this sector accounts for 86.7%.

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Position
      in Position                                             Share in
    June   in May                                               trades
    2003     2003 Brief title of a company                   volume, %
-------- -------- ------------------------------------------ ---------
       1       15 Nurbank OJSC (Almaty)                           16.0
       2        4 Bank TuranAlem OJSC (Almaty)                    14.2
       3        3 DB ABN_AMRO Bank Kazakhstan CJSC                10.7
       4        1 Pension Assets Management Company ZHETISU        9.5
                  CJSC (Almaty)
       5       10 Temirbank OJSC (Almaty)                          9.1
       6        2 RG Securities (Almaty)                           8.9
       7        9 Bank CenterCredit (Almaty) OJSC (Almaty)         6.6
       8       14 Kazpost OJSC (Almaty)                            4.2
       9        7 State Accumulative Pension Fund CJSC
                  (Almaty)                                         3.9
      10        6 Eurasian bank CJSC (Almaty)                      3.6
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The newcomers in "active ten" are Nurbank OJSC and Kazpost OJSC, which forced out PAMC ABN AMRO Asset management (Almaty, fifth place in May) and TuranAlem Securities LLP (Almaty, 8th place) .

Following is the corresponding table of the most active members of KASE of category "K" for the half year of 2002. 30 companies participated in deals making for this period in addition to the National Bank.

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                                                                      Share in
Position Brief title of a company                             trades volume, %
-------- ---------------------------------------------------- ----------------
       1 ATFBank OJSC                                                     13.0
       2 Bank TuranAlem OJSC                                              12.7
       3 Eurasian Bank CJSC                                                8.8
       4 State Accumulative Pension Fund CJSC                              7.6
       5 RG Securities                                                     7.0
       6 Pension Assets Management Company of
         Halyk Bank of Kazakhstan CJSC Bank CenterCredit OJSC              5.5
       7 Nurbank OJSC                                                      5.3
       8 Temirbank OJSC                                                    4.7
       9 DB ABN AMRO Bank Kazakhstan OJSC                                  4.2
      10 PAMC ZHETISU CJSC                                                 4.0
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[2003-07-01]