At trades SBS of Alliance Bank JSC (Kazakhstan) spread between offering and demand prices continues to reduce

14.12.04 11:08
/KASE, December 14, 04/ - Today trades in state block of shares (SBS) of Alliance Bank JSC (Almaty) were continued at Kazakhstan stock exchange (KASE). During the session the seller, who is represented by authorized RSE Information-stocking center Committee of state property and privatization of the Ministry of finance of Kazakhstan (Almaty), reduced offering price from KZT11,100.00 to KZT10,067.00 for share. Demand price for the first time of trades today increased - to KZT9,600.00. Before it constantly was at the level of KZT9,500.00 for share. As the result the deal was not made, but participants of trades gradually gain the compromise. Trades will be continued at KASE until December 31 of 2004 on the acting terms of sale. We're reminding that the SBS has been exhibited to the trades under NZ_ASBN code by non-divisible lot and consists of 12,955 common shares of Alliance Bank JSC (1.85% of total paid floated shares of the bank). These shares are traded at present in KASE's official "A" listing category under ASBN code, they have NIN KZ1C40310019 and their face value is KZT10,000. Trades in SBS are broadcasted in the Internet in on-line mode at http://bird.kase.kz/applets/NZ_ASBN.html. [2004-12-14]