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Kazakhstan

Kazakhstan Stock Exchange

Name

Kazakhstan Stock Exchange Joint-Stock Company

Kazakhstan Stock Exchange JSC

KASE

History

On November 15, 1993, Kazakhstan introduced its own national currency, the tenge. The Kazakhstan Interbank Currency Exchange established on November 17, 1993 was assigned the role of the operator of foreign currency trading; a few years later it was renamed The Kazakhstan Stock Exchange.

Management structure

The Exchange is a commercial entity operating as a joint-stock company. The bodies of the Exchange are as follows:
– the supreme body is the General Meeting of Shareholders of the Exchange;
– management body is the Board of Directors of the Exchange (the Exchange Council);
– executive body is the Management Board.

Shareholders

As at July 1, 2018, the total amount of authorized shares of the Exchange amounted to 5 mln pieces; 942,013 of them are outstanding. The Exchange has 54 shareholders including banks, brokerage firms, the Unified Accumulative Pension Fund and retail investors. The National Bank owns 50.1% of the total number of outstanding shares.

Equity

As at June 1, 2018, shareholder’s equity of the Exchange amounted to KZT2,366,256 th.

The main markets of KASE

KASE serves the following markets:
– foreign exchange market;
– money market (currency swap and repo transactions);
– securities market (corporate serial securities, governmental securities);
– derivatives market (derivative securities).

Brief description of calculations

Corporate serial securities and government securities: on T+0 settlement terms through Central Securities Depository JSC (Almaty).

First class liquidity shares that are cleared on T+2 settlement terms through Central Securities Depository JSC (Almaty).

Foreign currencies that are cleared: on the terms TOD, TOM, SPOT in tenge through the Exchange’s correspondent accounts in the National Bank of the Republic of Kazakhstan; in foreign currencies through foreign correspondent banks.

Derivative financial instruments that are cleared through Kazakhstan Stock Exchange.

KASE indices and market indicators

KASE Index
KASE Index is the ratio of market prices of shares included in the representative list as at the dates of compiling the list to the prices of shares in this list at a specific date, which is weighted by capitalization taking into account free floating shares. KASE Index value is recalculated after each transaction concluded with shares included in the Index representative list.

Corporate bond market indices
KASE_BMY Index is yield index of corporate bonds of the main market);
KASE_BAY Index is the yield index of corporate bonds of the alternative market).

Money market indicators
MM INDEX (MONEY MARKET INDEX) is an indicator of the money market representing the average value of average weighted interest rates (yield) on USD/KZT currency swap transactions and one-business day auto repo transactions in government securities of the Republic of Kazakhstan weighted by the transactions volume. This indicator is calculated for all swap and repo opening transactions concluded in the KASE trading system during the day.
The TONIA (Tenge OverNight Index Average) and TWINA (Tenge Week Index Average) are weighted average interest rates on opening repo transactions in Kazakhstani tenge on the automatic repo market. TONIA indicator reflects the cost of money for overnight repo transactions while the TWINA for 7-day repo transactions. Underlying assets of repo transactions are Kazakhstan government securities. Indicators are calculated in real time upon the conclusion of each opening automatic repo transaction in government securities.
SWAP-1D (USD) is the indicator of profitability of one-day USD/KZT currency swap transactions representing average yield – weighted by the volume of transactions – on all opening transactions of the respective currency swap for the term of one working day concluded in the KASE trading system during the day.
SWAP-2D (USD) is the indicator of profitability of two-day USD/KZT currency swap transactions representing average yield – weighted by the volume of transactions – on all opening transactions of the respective currency swap for the term of two working days concluded in the KASE trading system during the day.

Interbank deposit market indicators
KazPrime is an indicator reflecting the interest rates on Kazakhstani tenge put in three-month interbank deposits among Kazakh banks with the highest local credit rating.

In addition to the KazPrime indicator, the interbank deposit market is characterized by the KIBOR, KIBID, KIMEAN indicators:
KIBOR — average value of offering rates for the Kazakhstani tenge;
KIBID — average value of borrowing rates for the Kazakhstani tenge;
KIMEAN — average between borrowing and offering rates.

Contacts
Phone: +7 (727) 237 53 00
Fax: +7 (727) 296 64 02
E-mail: kase@kase.kz, info@kase.kz
Юридический адрес: 8th floor, Northern tower of Multifunctional Complex Almaty Towers, 280 Baizakov Str., Almaty, 050040
Controls
Management Board
Alina Aldambergen

Chairman of Management Board

Idel Sabitov

deputy Chairman of Management Board

Andrei Tsalyuk

deputy Chairman of Management Board

Natalya Khoroshevskaya

deputy Chairman of Management Board

Kairat Turmagambetov

Managing Director of Business Development