ANALYSIS: In July of 2005 volume of deals in KASE's repo sector fell by 20.9% to KZT732.3 bn.

/IRBIS, Ranida Gabdeyeva, August 5, 05/ - In July of 2005 Kazakhstan stock exchange (KASE) recorded 3,052 deals in the repo transactions sector for a total of KZT732.3 bn. or USD5,397.9 m. at the current rate effective on deals making dates. This is 76.0% of total turnover of KASE in this month (in June of 2005 - 74.9%). In comparison with June of 2005 volume of transactions has fallen by KZT193.1 bn. ($1,506.0 m.) or by 20.9% (by 21.8% in dollar terms). Relative to July of 2004 volume of transactions has grown by KZT243.0 bn. ($1,787.4 m.) or by 49.6% (by 49.5% in dollar terms). Structure of repo market turnover on KASE in July was as follows: - the stake of automatic repo transactions was 95.6% of the sector's turnover (KZT700.2 bn.), including deals in government securities (GS) - 93.1% (KZT681.9 bn.), deals in corporate securities (CS) - 2.5% (KZT18.3 bn.); - the stake of repo transactions made by direct deals method, was 4.4% of the sector's turnover (KZT32.1 bn.), including deals in GS - 0.4% (KZT3.2 bn.), deals in CS - 3.9% (KZT28.9 bn.). For comparison, structure of stock exchange's repo market in June of 2005 was as follows: autorepo - 96.8% (GS - 95.4%; CS - 1.4%); repo by direct method - 3.2% (GS - 0.7%; CS - 2.5%). The tables below characterize KASE's repo sector in July of 2005 on opening transactions in tenge (stake of the market in headings of tables is given in accordance with the actual volume of transactions, including repo opening and closing deals). Automatic repo in GS - 93.1% of the market --------------------------------------------------------------------------- Repo rate, % APR Instrument ------------------------------------- Volume, Num- Stake of (currency, on first mini- maxi- on last weighted m. ber of market, term, days) deal mum mum deal average KZT deals % ----------- -------- ----- ----- ------- -------- --------- ------ -------- KZT_001 1.00 0.01 2.35 0.50 0.88 233,323.2 923 69.79 KZT_002 1.00 0.00 2.00 0.30 0.60 29,311.0 64 8.77 KZT_003 2.25 0.10 2.25 0.10 1.52 12,131.0 43 3.63 KZT_007 1.50 0.70 2.20 1.19 1.37 48,380.0 146 14.47 KZT_014 1.50 1.50 2.20 1.50 1.86 9,484.0 43 2.84 KZT_028 2.30 1.90 2.50 2.30 2.19 1,687.0 27 0.50 ----------- -------- ----- ----- ------- -------- --------- ------ -------- TOTAL 334,316.2 1 246 100 --------------------------------------------------------------------------- Automatic repo in CS - 2.5% of the market -------------------------------------------------------------------------- Repo rate, % APR Instrument ------------------------------------- Volume, Num- Stake of (security, on first mini- maxi- on last weighted m. ber of market, term, days) deal mum mum deal average KZT deals % ----------- -------- ----- ----- ------- -------- -------- ------ -------- ASFI_028 7.00 34.0 1 0.32 ATFBb4_001 0.70 0.60 1.00 0.60 0.84 800.0 6 7.52 ATFBb4_007 1.50 150.0 1 1.41 BTAIb6_003 2.75 200.0 1 1.88 BTASb2_028 5.00 260.0 1 2.44 BTASb4_001 2.30 0.40 2.30 0.70 1.15 1,925.0 7 18.10 BTASb4_007 1.50 300.0 1 2.82 BTASb4_030 8.50 215.0 1 2.02 CCBN_001 3.00 3.00 3.00 3.00 3.00 292.0 2 2.75 CCBN_014 8.40 130.0 1 1.22 CCBN_030 8.40 8.40 8.40 8.40 8.40 320.0 2 3.01 HRLT_001 5.00 3.00 5.00 3.00 4.92 214.0 2 2.01 HRLT_028 8.00 8.00 9.00 9.00 8.82 11.0 2 0.10 HSBKb_028 6.00 6.00 7.50 6.00 6.72 135.0 3 1.27 HSBKb5_028 7.00 6.00 7.50 6.00 6.78 300.0 4 2.82 KZIKb1_007 5.60 5.60 5.60 5.60 5.60 240.0 4 2.26 KZTCb1_028 7.00 7.00 7.50 7.50 7.37 89.0 2 0.84 KZTK_180 8.75 1,000.0 1 9.40 KZTK_360 8.75 8.75 9.00 9.00 8.84 825.0 3 7.76 ORDB_001 3.10 3.00 3.10 3.00 3.03 972.0 4 9.14 ORDB_003 4.50 250.0 1 2.35 ORDB_007 6.00 17.0 1 0.16 ORDBp_001 3.10 3.00 3.10 3.00 3.03 615.0 3 5.78 ORDBp_003 4.50 145.0 1 1.36 PRKRb1_003 5.00 15.0 1 0.14 PRKRb1_007 5.60 5.60 5.60 5.60 5.60 44.0 3 0.41 ROSA_030 7.00 7.00 7.90 7.90 7.77 180.0 2 1.69 TEBN_010 5.20 5.20 5.40 5.40 5.28 41.0 2 0.39 TEBN_020 6.00 24.0 1 0.23 TSBNb1_007 5.60 5.60 5.60 5.60 5.60 300.0 4 2.82 TXBNb1_014 7.50 7.50 7.50 7.50 7.50 60.0 2 0.56 TXBNb2_028 7.50 60.0 1 0.56 VTBN_001 4.00 100.0 1 0.94 VTBN_007 4.00 4.00 6.00 6.00 5.24 37.0 3 0.35 VTBN_028 10.00 9.00 10.00 9.00 9.53 215.0 2 2.02 VTBNb3_028 7.50 120.0 1 1.13 ----------- -------- ----- ----- ------- -------- -------- ------ -------- TOTAL 10,635.1 78 100 -------------------------------------------------------------------------- Repo on direct deals in GS - 0.4% of the market ----------------------------------------------------------------------------- Repo rate, % APR Term of ----------------------------------------- Volume, Num- Stake of repo, on first mini- maxi- on last weighted m. ber of market, days deal mum mum deal average KZT deals % ------- -------- ----- ----- ------- -------- ------- ------ -------- 1 1.01 0.80 1.30 1.30 1.04 290.0 3 25.48 4 1.75 1.75 1.75 1.75 1.75 500.0 1 43.94 7 1.40 1.40 1.40 1.40 1.40 198.0 1 17.40 23 2.50 2.50 2.50 2.50 2.50 150.0 3 13.18 ------- -------- ----- ----- ------- -------- ------- ------ -------- TOTAL 1,138.0 8 100 ----------------------------------------------------------------------------- Repo on direct deals in CS - 3.9% of the market ------------------------------------------------------------------------------ Repo rate, % APR ------------------------------- Subject Term of ----- ----- ------- -------- Volume, Num- Stake of of repo, mini- maxi- on last weighted m. ber of market, repo days mum mum deal average KZT deals % -------- ------- ----- ----- ------- -------- -------- ------ -------- ALKSb2 25 1.50 5.5 1 0.03 31 2.50 11.5 1 0.06 87 7.00 0.9 1 0.01 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 17.9 3 0.10 -------- ------- ----- ----- ------- -------- -------- ------ -------- ASBNb1 87 7.01 2.5 1 0.01 -------- ------- ----- ----- ------- -------- -------- ------ -------- ATFBb4 1 0.91 0.91 0.91 0.91 220.0 2 1.23 4 3.00 150.0 1 0.84 5 3.07 3.51 3.51 3.33 358.7 2 2.00 6 2.01 100.0 1 0.56 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 828.7 6 4.63 -------- ------- ----- ----- ------- -------- -------- ------ -------- ATFBb5 3 4.00 166.0 1 0.93 30 3.50 3.50 3.50 3.50 414.4 2 2.32 92 7.08 8.00 7.08 7.44 1,026.4 5 5.74 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 1,606.8 8 8.98 -------- ------- ----- ----- ------- -------- -------- ------ -------- ATFBp8 7 5.00 5.00 5.00 5.00 35.8 2 0.20 14 5.04 35.2 1 0.20 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 71.0 3 0.40 -------- ------- ----- ----- ------- -------- -------- ------ -------- BTAIb6 1 3.52 5.48 3.52 4.60 909.6 3 5.08 14 5.58 62.1 1 0.35 32 8.00 100.1 1 0.56 92 8.70 8.70 8.70 8.70 400.7 2 2.24 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 1,472.6 7 8.23 -------- ------- ----- ----- ------- -------- -------- ------ -------- BTASb2 154 3.75 553.5 1 3.09 -------- ------- ----- ----- ------- -------- -------- ------ -------- BTASb4 1 2.30 2.31 2.31 2.30 159.8 2 0.89 3 2.00 185.0 1 1.03 7 5.00 6.00 6.00 5.39 330.0 2 1.84 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 674.7 5 3.77 -------- ------- ----- ----- ------- -------- -------- ------ -------- CCBN 30 4.98 321.0 1 1.79 31 4.04 8.05 8.05 6.39 849.0 4 4.74 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 1,170.0 5 6.54 -------- ------- ----- ----- ------- -------- -------- ------ -------- CCBNb6 174 8.00 196.1 1 1.10 -------- ------- ----- ----- ------- -------- -------- ------ -------- CCBNb7 5 7.00 73.0 1 0.41 33 7.00 200.0 1 1.12 46 7.00 7.00 7.00 7.00 401.0 2 2.24 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 674.0 4 3.77 -------- ------- ----- ----- ------- -------- -------- ------ -------- CSBNb4 31 8.00 15.7 1 0.09 -------- ------- ----- ----- ------- -------- -------- ------ -------- HSBK 52 7.49 12.6 1 0.07 -------- ------- ----- ----- ------- -------- -------- ------ -------- HSBKb 31 8.00 23.0 1 0.13 -------- ------- ----- ----- ------- -------- -------- ------ -------- HSBKb2 20 5.00 13.0 1 0.07 146 4.50 13.6 1 0.08 147 4.50 13.1 1 0.07 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 39.7 3 0.22 -------- ------- ----- ----- ------- -------- -------- ------ -------- HSBKb3 174 8.00 100.0 1 0.56 -------- ------- ----- ----- ------- -------- -------- ------ -------- HSBKp 4 5.13 5.13 5.13 5.13 79.8 4 0.45 -------- ------- ----- ----- ------- -------- -------- ------ -------- KARMb2 2 0.05 42.2 1 0.24 3 0.30 1.50 0.30 0.45 74.4 2 0.42 4 1.50 4.4 1 0.02 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 121.0 4 0.44 -------- ------- ----- ----- ------- -------- -------- ------ -------- KKAGb1 7 5.69 25.0 1 0.14 -------- ------- ----- ----- ------- -------- -------- ------ -------- KKGBp 3 2.63 104.4 1 0.58 31 6.01 420.0 1 2.35 32 5.99 600.0 1 3.35 55 5.51 300.0 1 1.68 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 1,424.4 4 7.96 -------- ------- ----- ----- ------- -------- -------- ------ -------- KZASb2 7 5.15 35.5 1 0.20 -------- ------- ----- ----- ------- -------- -------- ------ -------- KZIKb1 33 13.00 2.0 1 0.01 -------- ------- ----- ----- ------- -------- -------- ------ -------- KZIKb4 4 1.82 4.0 1 0.02 -------- ------- ----- ----- ------- -------- -------- ------ -------- KZIKb5 4 3.60 19.7 1 0.11 32 1.94 4.0 1 0.02 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 23.7 2 0.13 -------- ------- ----- ----- ------- -------- -------- ------ -------- KZIKb6 3 1.22 50.0 1 0.28 -------- ------- ----- ----- ------- -------- -------- ------ -------- KZTCb1 4 3.65 33.5 1 0.19 7 3.13 5.21 5.21 3.75 63.0 2 0.35 87 7.00 3.1 1 0.02 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 99.7 4 0.56 -------- ------- ----- ----- ------- -------- -------- ------ -------- KZTK 7 5.00 6.00 6.00 5.81 68.8 5 0.38 361 11.00 4,095.0 1 22.88 364 9.25 1,000.0 1 5.59 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 5,163.8 7 28.86 -------- ------- ----- ----- ------- -------- -------- ------ -------- KZTKp 365 6.00 2.4 1 0.01 -------- ------- ----- ----- ------- -------- -------- ------ -------- KZTOe1 1 0.99 11.5 1 0.06 9 1.00 11.4 1 0.06 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 22.9 2 0.13 -------- ------- ----- ----- ------- -------- -------- ------ -------- KZZN 3 4.99 0.7 1 0.00 7 4.51 1.4 1 0.01 8 4.50 1.3 1 0.01 9 4.50 2.4 1 0.01 10 4.02 5.0 1 0.03 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 10.8 5 0.06 -------- ------- ----- ----- ------- -------- -------- ------ -------- MMGZp 7 4.98 13.1 1 0.07 365 6.00 3.0 1 0.02 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 16.1 2 0.09 -------- ------- ----- ----- ------- -------- -------- ------ -------- NFBN 49 6.00 10.00 10.00 7.58 165.3 2 0.92 89 12.00 33.5 1 0.19 92 12.00 33.5 1 0.19 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 232.3 4 1.30 -------- ------- ----- ----- ------- -------- -------- ------ -------- NRBNb2 154 3.75 126.5 1 0.71 -------- ------- ----- ----- ------- -------- -------- ------ -------- NRBNb3 31 7.98 7.98 7.98 7.98 334.8 2 1.87 -------- ------- ----- ----- ------- -------- -------- ------ -------- NRBNb4 1 0.89 50.0 1 0.28 33 10.00 20.0 1 0.11 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 70.0 2 0.39 -------- ------- ----- ----- ------- -------- -------- ------ -------- NRBNp6 31 10.50 45.0 1 0.25 32 9.50 5.0 1 0.03 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 50.0 2 0.28 -------- ------- ----- ----- ------- -------- -------- ------ -------- ORDB 7 3.00 14.7 1 0.08 31 7.50 10.50 10.00 10.02 99.8 5 0.56 33 10.50 13.3 1 0.07 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 127.8 7 0.71 -------- ------- ----- ----- ------- -------- -------- ------ -------- RGBRb3 14 6.08 24.5 1 0.14 -------- ------- ----- ----- ------- -------- -------- ------ -------- TEBN 7 4.52 4.52 4.52 4.52 78.2 2 0.44 9 6.00 0.3 1 0.00 30 10.50 24.6 1 0.14 31 3.00 10.01 10.01 8.17 55.9 5 0.31 33 7.99 10.50 10.50 10.11 188.8 4 1.06 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 347.8 13 1.94 -------- ------- ----- ----- ------- -------- -------- ------ -------- TSBNb1 32 9.47 5.0 1 0.03 -------- ------- ----- ----- ------- -------- -------- ------ -------- TXBNb2 87 7.01 2.0 1 0.01 -------- ------- ----- ----- ------- -------- -------- ------ -------- TXBNb3 4 2.46 99.0 1 0.55 -------- ------- ----- ----- ------- -------- -------- ------ -------- UKPFb1 7 5.00 4.5 1 0.03 -------- ------- ----- ----- ------- -------- -------- ------ -------- VTBN 3 9.95 115.0 1 0.64 7 4.42 5.06 4.42 4.84 34.0 2 0.19 8 4.12 56.4 1 0.32 13 4.98 14.2 1 0.08 14 6.00 6.03 6.00 6.03 306.4 4 1.71 23 8.51 8.51 8.51 8.51 150.0 2 0.84 30 7.01 25.0 1 0.14 31 8.50 17.22 11.99 9.74 63.9 6 0.36 32 7.50 9.00 7.50 8.16 52.0 3 0.29 33 8.21 11.50 11.50 10.36 240.9 5 1.35 69 12.01 13.01 13.01 12.51 96.2 2 0.54 94 9.00 9.00 9.00 9.00 247.6 3 1.38 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 1,401.8 31 7.83 -------- ------- ----- ----- ------- -------- -------- ------ -------- VTBNb1 30 10.50 7.7 1 0.04 31 9.50 10.50 9.50 9.95 55.0 2 0.31 33 10.50 75.0 1 0.42 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 137.7 4 0.77 -------- ------- ----- ----- ------- -------- -------- ------ -------- VTBNb2 31 10.54 105.0 1 0.59 33 10.47 24.1 1 0.13 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 129.1 2 0.72 -------- ------- ----- ----- ------- -------- -------- ------ -------- VTBNb3 14 4.50 150.0 1 0.84 -------- ------- ----- ----- ------- -------- -------- ------ -------- VTBNp 14 6.03 88.6 1 0.49 31 11.51 3.0 1 0.02 49 8.01 20.0 1 0.11 -------- ------- ----- ----- ------- -------- -------- ------ -------- Subtotal 111.5 3 0.62 -------- ------- ----- ----- ------- -------- -------- ------ -------- TOTAL 17,894.3 168 100.00 ------------------------------------------------------------------------------ Stake of stock exchange's turnover in total volume of repo deals of Kazakhstan secondary market in July of 2005 was 99.5%, in June - 98.6%. [2005-08-05]