/IRBIS, December 4, 03/ - Kazakhstan Stock Exchange (KASE) determined the list of companies - leading operators of the KASE's government securities (GS) purchase-sale market for November of 2003.

Place of company in the list is determined according to the stake of concluded deals in total gross turnover of trades (total of purchased and sold bonds). The position of each entity was expressed in settlement currency - tenge.

A total of 26 companies participated in trades with GS at KASE in November excluding the National Bank of Kazakhstan (banks, broker-dealer companies, pension assets management companies, SAPF, non-banking financial organizations). Below is the list of 10 the most active operators given in descending order of their shares in total deals volume, and their position in October of 2003. Stake of these operators is 83.2% of turnover of corresponding sector of the exchange's market.

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Position Position                                                Stake in
 in Nov,   in Oct                                                  trades
    2003     2003 Brief title of a company                      volume, %
-------- -------- --------------------------------------------- ---------
       1        2 Bank TuranAlem JSC (Almaty)                        19.7
       2        4 PAMC ZHETISU CJSC (Almaty)                         11.4
       3        5 RG Securities LLP (Almaty)                         10.7
       4        8 KAZKOMMERTSBANK OJSC (Almaty)                       9.5
       5       10 TEMIRBANK OJSC (Almaty)                             7.1
       6        3 ATFBank JSC (Almaty)                                6.6
       7        6 PAMC ABN AMRO Asset management CJSC (Almaty)        6.2
       8        9 State Accumulative Pension Fund CJSC (Almaty)       5.5
       9       16 Halyk Bank of Kazakhstan OJSC (Almaty)             4.64
      10       18 Alliance Bank OJSC (Almaty)                        4.60
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The newcomers in "active ten" relative to October of 2003 are Halyk Bank of Kazakhstan OJSC and Alliance Bank OJSC, they replaced Fondoviy service JSC (Almaty, first position in October) and DB ABN AMRO Bank Kazakhstan CJSC (Almaty, seventh place in October).

Following is the corresponding table of the most active members of KASE of "K" category for the first 11 months of 2003. 37 companies participated in deals making in this period, besides the National Bank.

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                                                      Share in
Position Brief title of a company             trades volume, %
-------- ------------------------------------ ----------------
       1 Bank TuranAlem JSC                               16.2
       2 ATFBank JSC                                      10.9
       3 RG Securities LLP                                 7.5
       4 State Accumulative Pension Fund CJSC              6.4
       5 PAMC ABN AMRO Asset Management CJSC               6.1
       6 PAMC ZHETISU CJSC                                 5.8
       7 Eurasian Bank JSC                                 5.1
       8 Nurbank OJSC                                      4.6
       9 TEMIRBANK OJSC (Almaty)                          3.80
      10 DB ABN AMRO Bank Kazakhstan OJSC                 3.79
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[2003-12-04]