FEAS Yearbook FEAS Yearbook 2008 | Page 35

FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
KAZAKHSTAN STOCK EXCHANGE
OFFICIAL 6 MONTH STATISTICS
US$ millions
Total Volume
Average Daily Volume
# Shares millions
Total Volume
Average Daily Volume
Stocks
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 219.36
246.96
246.80
118.17
504.69
366.98
1,702.95 10.97
11.76
12.99
5.37
25.23
17.48
13.97 14.55
29.08
106.29
8.06
12.69
3,422.18
3,592.86 0.73
1.38
5.59
0.37
0.63
162.96
28.61
Bonds
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 12,264.92
8,823.03
8,955.15
12,694.86
9,835.93
11,741.58
64,315.46 613.25
420.14
471.32
577.04
491.80
559.12
522.11 12,196.62
9,931.38
10,527.33
13,876.45
8,325.73
10,439.69
65,297.20 609.83
472.92
554.07
630.75
416.29
497.13
530.16
Other
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 4,656.08
5,621.40
6,133.05
8,143.79
5,874.19
8,354.63
38,783.15 232.80
267.69
322.79
370.17
293.71
397.84
1,885.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00 0.00
0.00
0.00
0.00
0.00
0.00
0.00
Market Capitalization (US$ millions)
Index
Jan-08
67,375.55
2,708.14
Feb-08
59,600.69
2,609.43
Mar-08
57,711.06
2,545.79
Apr-08
56,938.76
2,640.83
May-08
54,020.48
2,567.35
Jun-08
53,830.66
2,637.02
PRACTICES & PROCEDURES
Trading
Days
Hours
Monday-Friday
Stocks and bonds 11:30-17:00
Foreign exchange 10:15-11:00 and 11:30-15:30 and
14.00-18.00
Derivatives 10:30-17:00
State securities 11:30-18:00
Market segmentation
First, second, third markets, bonds, off floor
transactions, foreign securities allowed
System
Automated, remote access, depository link, data
dissemination, reporting facilities, WAN
Mechanisms
Call auction, continuous auction, primary market,
price fixing
Market-maker/Specialists Yes
Instruments
Stocks, government bonds, repo, foreign exchange,
derivatives
Currency
Local
Real time information
Trading information, best bid/ask, last price, total
volume, high/low, average
Clearing & Settlement
Central Depository
Period
Registered
Settlement
Clearing
DVP
Clearing Institution
Risk Sharing
Margin/Lending
Custodians
Taxes
Cash Dividends
Interest Income
Capital Gains 15%
15%
0%
Structure & Regulations
Legal
Regulation
Securities market
regulations
Trading rules
Surveillance
Corporate actions
Trading halts regulations
Investor protection Non profit company
Self
The State Agency for Financial
Surveillance and Reports
Stocks - regulatory responsibility
Yes, electronic
Independent agents
Yes
No
Foreign Participation
Foreign investors
Investment limitations
Repatriation N/A
No limitations
Yes, restricted
Yes
T+0
Yes
Book entry
Transaction by transaction
Full DVP
No
No
No
Individuals, institutional investors, brokerage houses,
banks exchange members, market makers
PAGE 35