OREANDA-NEWS. March 23, 2011. As reported earlier, following a decision of Kazakhstan Stock Exchange (KASE) Management Board, amendments # 1 (Amendments) have been made to KASE internal document "Methodology on determination of securities' liquidity indicators" (Methodology), reported the press-centre of KASE.

Due to the fact that the Amendments became effective on March 15, 2011, the lists of liquid and illiquid shares for April-May 2011 out of KASE-admitted shares, will be composed and published by KASE on March 24, 2011.

We remind you that beginning from March 2011, KASE will be composing the mentioned lists once every two months.

For composing the lists of liquid and illiquid securities, the permanently valid threshold value for the securities' liquidity indicator has been set at 0.700. The list of liquid shares will include shares whose liquidity indicator's values calculated based on deals concluded on KASE within the preceding 60 days, are not less that the said threshold value.

We remind you that trading in liquid shares is conducted on KASE on working days from 11:30 to 17:00 (Almaty time) using the method of continuous counter auction and switched to a stand-by mode (whereas the Frankfurt trading method is used) in case of a coincidence or crossing of shares sale orders and shares purchase orders' prices, if the price of the supposed deals deviates from the most recent deal in those shares by 10 %. For market-makers of liquid shares the maximum values of spreads between the best mandatory quotations for securities have been set at 7 %.

Trading in illiquid shares is conducted on KASE on working days  from 15:00 to 17:00 (Almaty time) using the method of continuous counter auction and switched to a stand-by mode in case of a coincidence or crossing of shares sale orders and shares purchase orders' prices, if the price of the supposed deals deviates from the most recent deal in those shares by 5 %. For market-makers of illiquid shares the maximum values of spreads between the best mandatory quotations for securities have been set at 10 %.

The text of Regulations of Trades and Confirmation System Operation is published on KASE website, at http://www.kase.kz/files/normative_base/reglament_trade_eng.pdf

The text of the Methodology is published on KASE website, at http://www.kase.kz/files/normative_base/metodika_liquid_eng.pdf

The text of the Rules of Market-Makers' Activities is published on KASE website, at http://www.kase.kz/files/normative_base/m_maker_eng.pdf

The lists of liquid and illiquid shares for the 1st quarter 2011 are published on KASE website, at http://www.kase.kz/files/normative_base/likvid.pdf