/IRBIS, July 30, 2010/ - JSC Finance Company REAL Invest.kz (Almaty, REAL Invest.kz) provided to IRBIS overview of major developments in Kazakhstan and the world markets on July 30, 2010.

JSC Finance Company REAL Invest.kz notes the following significant developments on the world stock, commodity and currency market:

- on Thursday Western stock exchanges were closed again with lowered, thus the result of two days was offset by growth in the beginning of the week. The U.S. and Europe during the last trading session continued to be under negative pressure, caused by the release of economic data on Wednesday. In addition, the aid "bears" was released a report on U.S. employment, according to which the total number of unemployed receiving benefits, last month increased by 81 thousand regard to corporate records, because of the controversial nature of their publications, analysts of "REAL Invest. kz "believe that in general, their influence on the dynamics of the market was neutral.

- platforms on emerging markets once again went on the dynamics - the Brazilian Bovespa, together with the Chinese Shanghai Composite added, while the Indian BSE and Russia's RTS index - on the day fixed reduction. Analysts of "REAL Invest.kz" indisputable reason for such an ambiguous character of the dynamics considered controversial foreign background established in the West grounds, at the same time, quotes, indices emerging markets to some extent supported by the jump in oil prices.

- The cost of a barrel of oil on the day grew by 1.5%, while in the first half of the day consisted of more than two percent spurt quotes, probably caused by technical factors, such as touch the support level at around $ 76.5. Additional surprisingly similar dynamic is another reason that the stock markets at this point quite clearly dominated by a negative, and the moment of sudden spurt of oil quotations, indexes U.S. just has accelerated in the opposite direction. In general, the cost of a barrel of oil once again managed at arm's length closer to the mark at $ 79, and it is possible that it is today traders will try to test it.

- The cost of an ounce of gold added, approximately one half a percent, while another is not too marked an attempt to overcome the mark of $ 1,170 was not successful. Trading volume slipped back to its lowest level, due to switching of market participants to more interesting and potentially profitable assets, amid the ongoing corporate reporting season.

- An important achievement of the "REAL Invest.kz" considers currency attack of pair EUR/USD mark of 1.30, and thus the achievement of a new three-month maximum. During the session the quotations reached the level of 1.31, followed by a mild correction, but the euro has still managed to gain a foothold above the level of 1.30, had remained inaccessible for the past 10 sessions. The prospects of the currency pair, according to "REAL Invest.kz", yet do not look the same - analysts of "REAL Invest.kz" believe that mark in 1.30 will not be delivered "bear" without a fight, at the same time, the following important resistance level is a mark of 1.35 which represents a five-month maximum, and this circumstance in some measure probably will encourage market participants on the achievement of this level.

- British pound, despite the end of the day near the levels of its beginning, has also reached an important goal, resist above the mark to 1.56, with a sufficiently negative, accompanied traded on the stock and commodity areas. Analysts of "REAL Invest.kz" think that there are substantial barriers to achieving short-term notes at 1.60 in the pound is not, however, given the usual for this currency pair, increased volatility does not rule out the numerous quotations of correction that may accompany the achievement of a pound mark of 1.60.

Analysts JSC "Finance Company" REAL Invest.kz" also notes the following major developments in the Kazakh market:

- Corporation Kazakhmys produced in January-June 2010 165.1 thousand tons of copper cathode against 173.8 thousand tons in the corresponding period in 2009, said the corporation. Thus, copper production declined during the period by 5%. Meanwhile, copper cathode production from own concentrate amounted to 164.3 thousand tons and 170.1 thousand tons respectively, copper rod - 17.9 thousand tons and 4.7 tons. Production of copper concentrate in the January-June 2010 amounted to 170.6 thousand tons against 178.4 thousand tons in January-June last year, mining copper ore - 16.236 million tons and 16.013 million tons, respectively. In turn, production of gold in the first half of 2010 67.1 million ounces against 73.2 million ounces in the corresponding period in 2009, excluding tolling - 62.4 million ounces and 67.9 million ounces, silver - 6.697 million ounces against 9.147 million ounces, respectively. Zinc in concentrate was produced 80.9 tones against 76.4 thousand tons. The results of the report were quite expected the market, so "REAL Invest.kz" does not expect to change quotes

- Financial Police Kazakhstan revealed no violations in the audit of commercial bank CenterCredit. "As stated in the formal confirmation of the Financial Police, any violations, resulting in material damage to the bank, have been identified," - says the message of fin. Institutes. Analysts of "REAL Invest.kz" expect a positive effect on the quotations of bonds and shares of the bank.

Analysts of "REAL Invest.kz" noted that the most attractive stories among the shares of Kazakh companies are RD Kazmunaigas, Kazakhtelecom and Halyk Bank. Especially attractive look and EP Kazakhtelecom, as both companies are very strong balance sheet with low debt burden, the EP's net debt at all negative, ie cash flows of the company exceed liabilities. Besides their business generates more free cash flow, which allows them to pay a very solid dividends. Dividend income on preferred shares of KMG and Kazakhtelecom is 6-8% and 3- 4% of ordinary shares. Shares of these companies are traded much cheaper than the shares of similar companies in other emerging markets.

This material is for informational purposes and is not an offer or recommendation to perform any transaction in securities. Agency IRBIS is not responsible for the opinions expressed in this material.

[2010-07-30]