The Kazakhstani stock market has not experienced any dramatic changes that could be attributed to the fallout on Russia's financial markets as "the involvement of Russian investors is rather low in our country" says a press release from the Kazakh National Securities Commission (KNSC). "The situation with regard to non-residents remains stable. They are not massively leaving the Kazakhstani market". According to the KNSC, there was no reduction in traded volumes on the OTC market between August 11 and August 18. Thus, the total number of transactions was 529 totalling some US $743,163, while between August 1 and August 10, the corresponding figures were 188 and US $525,570. (Interfax)

The Kazakhstan Stock Exchange (KASE) witnessed three trades last week. After a long break on the listing board, two transactions were concluded for common shares in Kazkommertsbank (KKGB). The third transaction took place on the non-listing board under the Quotation Trade System (QTS) where thirty common shares in the Almaty company Etalon were sold at KZT 82,500 (about US $1,058) per share.

The situation on the OTC outside the QTS did not change much compared to the previous week. The stock of three companies, Halyk Savings Bank (HSBK), Kazakhtelecom and Kazakhmys, were most popular. Only this time, common shares in HSBK led in terms of demand although the prices fell by 9.8%. The KS fluctuated but had a general tendency to grow and closed at 106.05 on August 20.