The National Securities Commission (NSC) has adopted a decree which requires that brokers and dealers conduct all transactions with corporate securities solely on the Kazakhstan Stock Exchange (KASE). The NSC has also made several changes in the corporate securities market rules. Specifically, joint-stock companies with more than 100 shareholders as well as issuers of debt securities to the amount of over than USD 1m will have to add their securities to the KASE listing. Relevant amendments will have to be made in the law "On Joint-Stock Companies".

Only one transaction took place on the KASE last week. It was for 2,120 common shares in Kazkommertsbank which were sold for KZT 80 (about USD 1) per share.

On the OTC market outside the KASE's quotation trade system (QTS), preferred shares in Kazakhmys led in terms of traded volumes. Though traded only once during the week, 10,220 shares of this corporation were sold for a total of USD 91,980. Common shares in Kazchrome ranked second with a traded volume of USD 54,976. After a long break, one transaction was made for common shares in Aluminium of Kazakhstan: 61 shares were sold for USD 4.00 per share. Preferred shares in Kazakhtelecom continued in trade, however, the volumes and prices declined. The index remained unchanged from the previous week until September 24 when it rose to 106.65.