KAZAKHSTAN STOCK EXCHANGE (KASE). July 1, 2009. COEVAL OF TENGE …. KASE was established on November 17, 1993 under the name of Kazakh Inter-bank Currency Exchange – two days after Tenge (the new national currency of Kazakhstan) had been introduced on November 15, 1993.
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July 1, 2009
KASE was established on November 17, 1993 under the name of Kazakh Inter-bank Currency Exchange – two days after Tenge (the new national currency of Kazakhstan) had been introduced on November 15, 1993.
Currently, November 15 is observed as the official "Day of National Currency".
"Old" tenge (1993–2006)
"New" tenge (since 2006)
KASE is a commercial joint-stock company with 68 shareholders (as ofJuly 1, 2009).
Regional Financial Center of Almaty JSC is the largest shareholder. Shareholders include banks, brokerage firms, asset management companies, pension funds and other professional financial institutions.
Voting method: one share – one vote.
As of June 1, 2009
own capital $10.4 m
paid up charter capital $1.1 m
authorized shares 5,000,000
outstanding shares 450,000
share balance value 2,732 tenge
The total of members – 90 of which:
Category "A"(with the right to trade in all financial instruments circulating on the special trading floor of the Regional Financial Center of Almaty) –46;
Category "B"(with the right to trade in foreign currency) –31;
Category "C"(with the right to trade in futures) –7;
Category "K"(with the right to trade in government securities) –84;
Category "P"(with the right to trade in corporate serial securities listing on KASE) –84;
Category "H"(with the right to trade in corporate serial securities admitted to circulation (trading) in sector “Unlisted securities" of the KASE Trading system, and state-owned shareholding of organizations being privatized) –49.
1993– first trades in foreign currency (US dollars)
1995– first trades in T-bills
1996– first trades in derivatives (KZT/USD exchange rate futures)
1997– first trades in listed shares
1997– first trades in state-owned shareholding
1997– first trades in unlisted corporate securities
1998– launch of KASE "nego" deals system (substitution of over-the-counter securities market )
1998 – first trades in euro bonds of Kazakhstan
1999– first trades in listed bonds
1999– first trades in municipal bonds (such bonds were prohibited for issue in 2005)
1999– launch of "nego" repo market
2001– launch of "automatic" repo market (currently most massive and active sector of KASE market)
2006– first trades in foreign corporate bonds(JP Morgan and Merrill Lynch)
2006– IPO of KazMunaiGas Exploration Production shares using KASE settlement system
2006 – KAZAKHMYS PLC (UK) secondary share offering by subscription through KASE
2007– special trading floor of the Regional Financial Center of Almaty city established on the base of KASE (to attract foreign issuers and investors)
2007– launch of new share market index –KASE Index, continuing numerical series of KASE_Shares Index
2007– KASE commercialization
2008 – implementation of new listing rules, reconstruction of unity through integration of MTF KASE and STF RFCA
2008– first trades in affined ingot gold futures
2008– launch of currency swap transactions market
Auto repo in government securities, USD33,639.3 m
Currency, USD31,715.5 m
In 6 months of 2009
Nego repo with government securities, USD347.1 m (0.4 %)
Shares, USD983.7 m (1.2 %)
Auto repo with corporate securities, USD3,682.8 m
Corporate bonds,USD1 576.5m (2.0 %)
Nego repo in corporate securities, USD4 061.3m (5.1 %)
Government securities, USD3 488.7 m(4.4 %)
Repo (money) market constitutes for 52.5 % of KASE trade volume
KASE serves a wide range of markets:
Turnover, USD, bn
as of July1, 2009 –
asof July 1, 2009 –
Global Industry Classification Standard (GICS) of S&P has been used
KASE total turnover for 6 months of 2009 in shares – USD983.7 m,in corporate bonds – USD1 576.5 m
KASE average daily turnover for 6 months of 2009in shares – USD8.1m,in corporate bonds – USD13.0m
KASE uses its own trading platform:
Phone: (+7 727) 237 53 00, 237 53 11, 272 98 98
Fax: (+7 727) 296 64 02, 272 09 25
Address: 291/3a, Dostyk ave, 050020,Almaty, Kazakhstan