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Kazkommerts Securities

Kazakhstan Weekly News
Equities

May 24, 1999

Latest Kazakhstan Weekly News


In the week of 17-21 May the most considerable transaction on the Kazakhstan Stock Exchange (KASE) was recorded for eurobonds issued by Kazkommerts International B.V. (based in Rotterdam, Netherlands, Listing A on the KASE, code is KKGBe1). The volume of the transaction totalled USD 895,000 at a nominal price. The yield on these securities was 36.22% with a net price of 71.28% (at an exchange rate of KZT 118.47 per USD 1). Six transactions were concluded for common shares in Kazakhtelecom (KZTK, Listing A) and two transactions for common shares in Kazakhmys Corporation (KZMS, Listing B). Compared with the previous week, the price of shares in Kazakhtelecom increased 3.1% whereas the price of shares in Kazakhmys decreased 6.1%. The results are summarised in the table below. (IRBIS)

Company Date Number of Shares Sold Closing Price US$ Volume US$
KZTK

May--18

10,000

14.40

144,391

KZTK

May--18

10,000

19.05

190,516

KZMS

May--18

10,004

12.25

122,549

KKGBe1

May--19

895,000

0.71

643,450


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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