OREANDA-NEWS. November 02, 2010. By Kazakhstan Stock Exchange (KASE) Board of Directors decision Managing Company Alem (Almaty) is excluded from the KASE stock market membership. This means that Managing Company Alem is no longer the KASE member and has no right to trade on KASE any instruments, reported the press-centre of KASE.

This decision has been made in compliance with item 37 of the KASE internal document "Regulations on Membership" based on Managing Company Alem application of October 18, 2010 on removal from membership and Resolution of the Board of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations "On withdrawal of license for investment portfolio management and dealer activities on  securities market with the right to keep clients accounts as a nominee holder, issued to joint stock company Managing Company Alem" of October 4, 2010 # 154.