Equities -- Kazakhstan Weekly News

According to the news agency IRBIS, the capitalisation of the Kazakhstan Stock Exchange (KASE) on 1 September totalled USD 994.1m (excluding state stakes). This was up from USD 936.4m a month ago. (IRBIS)

Kazkommerts International B.V. (Rotterdam, Netherlands), which was established by Kazkommertsbank to tap international money markets, filed an application to the KASE on 1 September asking it to remove its eurobond, KKBe1, from trades on the KASE. The company did not indicate any reason for this move. (IRBIS)

During the week of 31 August - 3 September, the major events on the KASE involved the common and preferred shares in the copper producer Kazakhmys Corporation (KZMS, KZMSp—Listing B) and the preferred shares in the oil company MangistauMunaiGas (MMGZp—Listing B). The latter led in terms of the number of traded shares and volumes. For the first time, two companies were traded on the KASE. The preferred shares in the oil companies KazakhstanCaspiShelf (KKSHp have been listed on the KASE since last April) and UzenMunaiGas (UMGZp) were traded on a non-listing board. The results are summarised in the table below. (KASE)

Company	Date	Number of Shares Sold	Closing Price US$	Volume US$
KZMSp	August-31	2,807	4.98-5.97	15,625.23
KZMS	August-31	1,625	9.07-9.96	15,999.88
KKSHp	September-01	1	22.73	22.73
UMGZp	September-01	1	22.73	22.73
MMGZp	September-02	7,000	6.01	42,070.00
MMGZp	September-03	4,000	2.70-2.83	11,060.00
KZMSp	September-03	798	4.97	3,966.06
KZMS	September-03	456	9.05	4,126.80

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