OREANDA-NEWS. From August 1, 2016, Kazakhstan Stock Exchange JSC (KASE) Committee on Indices and Securities Valuation by its decision of August 1, 2016 defined new parameters of shares, included in KASE Index universe – portions of shares in free circulation, and restrictive coefficients.

The table below shows new share parameters and those effective before August 1, influencing the KASE Index value.
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             Effective from August 1, 2016     Effective before August 1, 2016
        -------------- ------- ----------- -------------- ------- ------------
                          free restrictive                   free  restrictive
           outstanding   float coefficient    outstanding   float coefficient 
Ticker          shares (Fi), %        (Ri)         shares (Fi), %         (Ri)
------- -------------- ------- ----------- -------------- ------- ------------
CCBN       162,456,800    26.6   1.0000000    162,456,800    26.6    1.0000000
GB_KZMS    458,379,033    57.0   0.2017803    458,379,033    57.0    0.1687827
HSBK    10,995,598,112    26.5   0.2884450 10,995,599,212    26.5    0.2839112
KCEL       200,000,000    25.0   0.6443310    200,000,000    25.0    0.5601976
KEGC       260,000,000    10.0   1.0000000    260,000,000    10.0    1.0000000
KZTK        10,707,323    23.0   1.0000000     10,707,323    23.0    1.0000000
KZTO       384,628,099    10.0   0.9981698    384,635,599    10.0    0.9102613
RDGZ        67,693,075    36.3   0.0904073     67,693,075    36.3    0.0844576
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In addition, by the mentioned Committee on Indices and Securities Valuation decision from August 1, 2016 at the KASE Index calculation shall be used the new adjustment coefficient (K) value – 1.5053681. Before the said date the K equaled to 1.6178561.

KASE Index – KASE share market index, showing change of prices of shares listed on the representative list for calculation of the index with account to capitalization of issuers and number of free floating shares (free float).



One stock may not exceed 15 % weight in the index. KASE Index is calculated within a trading day as deals in the representing stocks are concluded. In case no deals, parameters of which are required for calculation of the KASE Index were made in the stock during a trading day, for purposes of such calculation,results  of the last resultant trading session will be used.

Outstanding shares – parameter, which is determined independently by KASE on the basis of listing company share register extract data or information  provided by the company as a number of outstanding shares of a listing  company net of those redeemed. KASE is taking into account the number of  outstanding shares, which is confirmed by documents available on KASE.

Restrictive coefficient (Ri) – parameter limiting weight of influence of one stock  on index value to fifteen percent.