OREANDA-NEWS. Kazakhstan Stock Exchange (KASE) in accordance with its internal document "Methodology of Securities Liquidity Indicators Defining" (Methodology) composed lists of shares of the first, second and third classes of liquidity for October–November 2015 out of shares admitted to circulation on KASE. The lists were approved by September 23, 2015 decision of the Committee on Indices and Securities Valuation and had been composed for the purpose of applying of regulations of KASE internal documents "Regulations of Trades and the Confirmation System Operation" and "Regulations on Market-Makers" to shares contained therein.

Below is the list of shares of the first class of liquidity, effective from October 1 to  November 30, 2015 (securities titles are indicated in the descending order of  their liquidity):

1) common shares KZ1C34930012 (KZ1C00000959, KASE official list, first category, KEGC) of Kazakhstan Electricity Grid Operating Company  "KEGOC" (Astana);

2) common shares KZ1C29950017 (KZ1C00000744, KASE official list, first category, KZTO) of KazTransOil;

3) common shares GB00B0HZPV38 (KASE official list, second category, GB_KZMS) of KAZ Minerals PLC;

4) common shares KZ1C33870011 (KZ000A0LE0S4, KASE official list, first  category, HSBK) of Halyk Savings Bank of Kazakhstan;

5) preferred shares KZ1P51460114 (KZ000A0RMTC3, KASE official list, first category, RDGZp) of KazMunaiGas Exploration Production;

6) common shares KZ1C59680013 (KZ1C00001015, KASE official list, second category, BAST) of BAST;

7) common shares KZ1C59150017 (KZ1C00000876, KASE official list, first category, KCEL) of Kcell;

8) common shares KZ1C12280018 (KZ0009093241, KASE official list, first category, KZTK) of Kazakhtelecom;

9) common shares KZ1C51460018 (KZ000A0KEZQ2, KASE official list, first category, RDGZ) of KazMunaiGas Exploration Production;

10) common shares KZ1C36280010 (KZ0007786572, KASE official list, first category, CCBN) of Bank CenterCredit;

11) preferred shares KZ1P00400112 (KZ0005416453, KASE official list, second category, KKGBp) of Kazkommertsbank;

12) preferred shares KZ1P12280114 (KZ0009094645, KASE official list, first category, KZTK) of Kazakhtelecom;

13) common shares KZ1C00400016 (KZ000A0JC858, KASE official list, second category, KKGB) of Kazkommertsbank;

14) common shares US0605051046  (KASE official list, second category, US_BAC_) of Bank of America Corporation.

Compared with the current list of shares of the first liquidity class which was composed for August–September 2015, the list of shares of the first liquidity class for October–November 2015 includes common preferred shares KZ1P00400112 (KZ0005416453, KASE official list, second category, KKGBp) of Kazkommertsbank JSC and common shares US0605051046  (KASE official list, second category, US_BAC_) of Bank of America Corporation.

Trades in shares of the first class of liquidity are held on KASE on working days – from 11:30 a.m. to 05:00 p.m. (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 5 %. For market-makers for the first liquidity class shares the  maximum values of spreads between the best mandatory quotations for securities are set at 4 %.

Trades in shares of the second and third classes of liquidity are held at KASE on working days – from 03:00 p.m. to 05:00 p.m. (Almaty time) by the 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 of the second and third classes of liquidity in  accordance with the Regulations on Market-Makers the maximum values of  spreads between the best mandatory quotations for securities are set at 5 %.

The lists of shares of the first, second and third classes of liquidity for October– November 2015 are available on KASE website at http://www.kase.kz/files/normative_base/liquid_2015_oct_nov_eng.pdf

The lists of shares of the first, second and third classes of liquidity for August– September 2015 are available on KASE website at http://www.kase.kz/files/normative_base/liquid_2015_aug_sept_eng.pdf

Regulations of Trades and Confirmation System Operation are available at – http://www.kase.kz/files/normative_base/reglament_trade_eng.pdf

Regulations on Market-Makers are available at – http://www.kase.kz/files/normative_base/m_maker_eng.pdf

Methodology of Securities Liquidity Indicator Defining is available at – http://www.kase.kz/files/normative_base/metodika_liquid_eng.pdf