September 7, 1998
The National Bank of Kazakhstan has joined the members of the Kazakhstan Stock Exchange (KASE) and will have the right to trade state securities. Including the NBK, 20 banks and 19 non-banking companies may now trade state securities on the "K" board of the KASE.
Last week, common shares in Kazkommertsbank (KKGB) and Etalon (ETLN) were again traded on the KASE. Though the Tenge per share price of Kazkommertsbank's shares didn't change since the previous week (KZT 80.0), its dollar price decreased slightly to US $1.02 as the Tenge declined. The Etalon shares, which were traded under the Quotation Trade System (QTS), increased to KZT 92,200 (US $1,173) per share.
| All-time |
||||||
| low | high | |||||
| ETLN KKGB |
Sep.-01 Sep-02 |
1,173 1.02 |
46,921 1,683 |
N/A 26.32 |
517.5 0.85 |
1,190 1.03 |
On the OTC market, outside KASE's QTS, common shares in the transport company Avtopark 1 led in terms of traded volume25,532 shares were sold for US $101,780 in a one-time transaction. The preferred shares of AktobeMunaiGas took second position with a total traded volume of US $71,193. The demand for common and preferred shares in Kazakhmys continued declining slightly. The prices also decreased by 26.50% for common shares (to US $18.7) and by 33.33% for preferred shares (US $7.63). The KS index rose insignificantly to 102.68 on September 3.
Kazakhstan Weekly News is also available free of charge on E-mail. To subscribe via E-mail, please contact us on Lydia@kazks.kz or Madina@kazks.kz.
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