Listing of ordinary shares of National company KazMunayGaz leads to tripling of KASE share market capitalization

07.08.15 16:31
/KASE, August 7, 15/ – On August 6 the value of capitalization of the share market of Kazakhstan Stock Exchange (KASE, or Exchange) increased from KZT3,936.7 bn (USD20,979.2 mln) up to KZT11,413.5 mln (US60,823.4 mln) following the first successful exchange-based deal in shares KZ1C49280015 (KZ1C00001122, KASE official list, second category, KMGZ) of National company "KazMunayGaz" JSC (Astana). As was announced earlier, (http://www.kase.kz/en/news/show/1265713 ), the mentioned deal was concluded on August 6, 2015 when a lot consisting of 58,420,748 ordinary shares of National company "KazMunayGaz" JSC was offered on KASE. The deal was concluded by the English auction method described in article 11 of the Regulations on Trading Methods, and that internal document of the Exchange relates it to an open trade method. Taking into account the deal price (KZT12,837.90 per share), the nmber of shares of the company placed as of the deal date (584,207,465 pieces), as well as the fact that this deal was the first deal on the exchange-based market after inclusion of KMGZ in KASE official list on July 27, 2015, the market value of National company "KazMunayGaz" JSC after the deal conclusion made up KZT7,500.0 bn. The resulting value was accounted for by the Exchange in the share market capitalization indicator. KASE share market capitalization is an indicator reflecting the total market value of shares included in KASE official list. Parameters of shares of a new listed company come into consideration at calculation of the capitalization of the share market after first deal involving them on KASE; whereas this deal must be concluded by an open trades method. According to the Methodology of Share market Indices Calculation ( http://www.kase.kz/files/normative_base/indicators_met_eng.pdf ) calculation of the capitalization indicator is carried out daily on working days based on weighted average prices of sh