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Kazkommerts Securities

Kazakhstan Weekly News
Equities

August 17, 1998

Latest Kazakhstan Weekly News


On August 12, the common shares of JSC Bayan-Sulu, a candy factory based in the city of Kostanai, Northern Kazakhstan, were added to List B of the Kazakhstan Stock Exchange (KASE). The company has an authorised capital equivalent to US $8.12m, of which US $5.2m has been paid-in. As of the beginning of 1998, the company's net assets were valued at KZT 544.8m (US $7.2m). The number of outstanding shares is 4,203,780 with a par value of KZT 150.00 (about US $2). The stock for open placement totals 1,503,780. As of May 12, 1998, the company had 1,182 voting shareholders.

The last week concluded in only one trade made on the non-listing board (QTS—Quotation Trade System). Here, ten common shares in the Almaty company Etalon (production of testing and control equipment and plastic products) were sold at KZT75,264 (US $969.3) per share.

On the OTC market not covered by the QTS, the demand for preferred shares in Kazakhtelecom retained its lead. However, the prices decreased insignificantly compared to the previous week (US $18.77 on August 13). The trading of common shares in Halyk Savings Bank (HSBK) held second place, in terms of demand, with the prices fluctuating between US $3.09 and US $2.06. The demand for common and preferred shares in Kazakhmys fell, and prices also declined. The KS continued to slide, closing at 99.21 on August 13.

 

 

 

 


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