OREANDA-NEWS. March 21, 2011. Following a decision of Kazakhstan Stock Exchange (KASE) Management Board of March 15, 2011, amendments # 1 (Amendments) to KASE internal document "Methodology on determination of securities' liquidity indicators" (Methodology) have been approved, reported the press-centre of KASE.

The Amendments stipulate the following:

1. The periodicity of composing lists of liquid and illiquid securities has been amended. According to the amendments, these lists will be composed by the Exchange once every two months, and not quarterly as was meant before.

2. Lists of liquid and illiquid securities will be formed on the twenty third date of each odd month of each year (or on the following day if such date coincides with a day-off or holiday in Kazakhstan) and will be effective beginning from the first date of the month following the month when the mentioned lists were composed.

3. A permanently valid threshold value for the securities' liquidity indicator has been set at 0.700. Securities characterized by an equal or higher value of the liquidity indicator will be included into the list of liquid securities, the rest - into the list of illiquid securities. Previously, KASE   Management Board reviewed the threshold value on a quarterly basis.

4. For composing the lists of liquid and illiquid securities, KASE calculates values of the securities' liquidity indicator for each denomination out of securities included in KASE lists, based on parameters of transactions which were made in given securities in KASE trading system within sixty calendar days preceding the settlement date. Previously, calculations included parameters of deals made during two consecutive quarters preceding the month in which the mentioned lists were composed.

The amendments have been made in order to simplify the composing procedure for lists of liquid and illiquid securities and procedure of their actualization, as well as for other reasons which will be explained in a comprehensive news block.

Lists of liquid and illiquid securities formed in accordance with the Methodology will be used by the Exchange for setting up regulations of trading ] in relevant shares, as well as for execution of a market evaluation of shares.

The reviewed text of the Methodology will be published on KASE website at http://www.kase.kz/files/normative_base/metodika_liquid.pdf in the nearest future.