OREANDA-NEWS. March 28, 2011. Kazakhstan Stock Exchange composed lists of liquid and illiquid shares for April-May 2011 out of shares admitted to KASE trading, in accordance with the updated KASE internal document - "Methodology of Securities Liquidity Indicator Defining". These lists have been approved by the Risk Committee's decision of March 24, 2011 being formed for applying of KASE's "Regulations of Trades and Confirmation System Operation" and "Rules of Market-Makers' Activities" to shares contained therein, reported the press-centre of KASE.

Below is the list of liquid shares effective from April 1 to May 31, 2011 (the shares' titles are indicated in the descending order of liquidity):

1. preferred shares KZ1P51460114 (KASE official list, third category, RDGZp) of KazMunaiGas Exploration Production;

2. common shares KZ1C36280010 (KASE official list, second category, CCBN) of Bank CenterCredit;

3. common shares KZ1C12280018 (KASE official list, first category, KZTK) of  Kazakhtelecom;

4. common shares KZ1C34920013 (sector "Unlisted securities", BTAS) of BTA Bank;

5. common shares KZ1C33870011 (KASE official list, first category, HSBK) of Halyk Savings Bank of Kazakhstan;

6. common shares KZ1C00400016 (KASE official list, first category, KKGB) of   Kazkommertsbank;

7. common shares GB00B0HZPV38 (KASE official list, first category, GB_KZMS) of    KAZAKHMYS PLС;

8. common shares KZ1C51460018 (KASE official list, first category, RDGZ) of KazMunaiGas Exploration Production;

9. common shares GB00B29BCK10 (KASE official list, first category, GB_ENRC) of    EURASIAN NATURAL RESOURCES CORPORATION PLC;

10. preferred shares KZ1P12280114 (KASE official list, first category, KZTKp) of    Kazakhtelecom;

11. common shares KZ1C54620014 (KASE official list, first category, SATC) of SAT & Company.

Compared with the effective list of liquid shares composed for the 1st quarter of 2011, the new list does not contain common shares KZ1C24120012 (KASE official list, second category, BSUL) of Bayan Sulu and common shares KZ1C43150016 (KASE official list, second category, ZERD) of Kazcat.

We remind you that trading in liquid shares is held on KASE on working days - from 11:30 through 17:00 (Almaty time) by method of uninterrupted counter- directed auction (whereas the so-called Frankfurt trading method is used) and are switched to standby-mode in case of matching or crossing of bids and asks, if the price of a proposed deal deviates from the last transaction price of such shares by 10 %. For market-makers of liquid shares the maximum values of spreads between the best mandatory quotations for securities are set at 7 %.

Trading in illiquid shares is held on KASE on working days - from 15:00 through 17:00 (Almaty time) by method of uninterrupted counter-directed auction and are switched to standby-mode in case of matching or crossing of bids and asks, if the price of a proposed deal deviates from the last transaction price of such shares by 5 %. For market-makers of illiquid shares the maximum values of spreads between the best mandatory quotations for securities are set at 10 %.

The lists of liquid and illiquid shares for April-May 2011 are published on KASE website, at http://www.kase.kz/files/normative_base/likvid_04_05_2011.pdf

There were the following related publications:

- Regulations of Trades and Confirmation System Operation -   http://www.kase.kz/files/normative_base/reglament_trade_eng.pdf

- Rules of Market-Makers' Activities -   http://www.kase.kz/files/normative_base/m_maker_eng.pdf

- Methodology of Securities Liquidity Indicator Defining -                              
  http://www.kase.kz/files/normative_base/metodika_liquid_eng.pdf

- KASE news of March 17, 2011 "/SUPPLEMENTED/ KASE ALTERS PROCEDURE FOR   COMPOSING LISTS OF LIQUID AND ILLIQUID SECURITIES" -
 
http://www.kase.kz/en/news/show/1131557