november 1, 2009 kazakhstan stock exchange. kase – coeval of tenge kase was established on...

November 1, 2009November 1, 2009

KAZAKHSTANKAZAKHSTAN STOCK EXCHANGESTOCK EXCHANGE

KASE – Coeval of TengeKASE – Coeval of Tenge

KASE was established on November 17, 1993 under the name of Kazakh Inter-bank Currency Exchange – two days after Tenge (the new national currency of Kazakhstan) had been introduced on November 15, 1993.

Currently, November 15 is observed as the official "Day of National Currency".

KASE ShareholdersKASE Shareholders

KASE is a commercial joint-stock company with 68 shareholders (as of September 1, 2009).

Regional Financial Center of Almaty JSC is the largest shareholder. Shareholders include banks, brokerage firms, asset management companies, pension funds and other professional financial institutions.

Voting method: one share – one vote.

KASE Shares and CapitalKASE Shares and Capital

As of October 1, 2009

own capital $11.7 m

paid up charter capital $1.2 m

authorized shares 5,000,000

outstanding shares 450,000

share balance value 3,717,98 tenge($24.7 )

Yield IndexesYield Indexes

assetsnet

profitreturn

on assetsreturn

on equity

2008 $11.8 m $1.0 m 8.0 % 10.0%

2007 $11.9 m $1.8 m 17.8 % 20.2 %

2006 $8.3 m $2.2 m 32.5 % 34.3 %

2005 $5.2 m $1.3 m 29.0 % 30.4 %

The total of members – 83 of which:

KASE MKASE Membersembers

Category "A" (with the right to trade in all financial instruments circulating on the special trading floor of the Regional Financial Center of Almaty) – 41;

Category "B" (with the right to trade in foreign currency) – 31;

Category "C" (with the right to trade in futures) – 7;

Category "K" (with the right to trade in government securities) – 79;

Category "P" (with the right to trade in corporate serial securities listing on KASE) – 79;

Category "H" (with the right to trade in corporate serial securities admitted to circulation (trading) in sector “Unlisted securities" of the KASE Trading system, and state-owned shareholding of organizations being privatized) – 44.

Our HistoryOur History ((11))

1993 – first trades in foreign currency (US dollars)

1995 – first trades in T-bills

1996 – first trades in derivatives (KZT/USD exchange rate futures)

1997 – first trades in listed shares

1997 – first trades in state-owned shareholding

1997 – first trades in unlisted corporate securities

1998 – launch of KASE "nego" deals system (substitution of over-the-counter securities market )

1998 – first trades in euro bonds of Kazakhstan

1999 – first trades in listed bonds

Our History (2)Our History (2)

1999 – first trades in municipal bonds (such bonds were prohibited for issue in 2005)

1999 – launch of "nego" repo market

2001 – launch of "automatic" repo market (currently most massive and active sector of KASE market)

2006 – first trades in foreign corporate bonds (JP Morgan and Merrill Lynch)

2006 – IPO of KazMunaiGas Exploration Production shares using KASE settlement system

2006 – KAZAKHMYS PLC (UK) secondary share offering by subscription through KASE

Our History (Our History (33))

2007 – special trading floor of the Regional Financial Center of Almaty city established on the base of KASE (to attract foreign issuers and investors)

2007 – launch of new share market index – KASE Index, continuing numerical series of KASE_Shares Index

2007 – KASE commercialization

2008 – implementation of new listing rules, reconstruction of unity through integration of MTF KASE and STF RFCA

2008 – first trades in affined ingot gold futures

2008 – launch of currency swap transactions market

Our History (4)Our History (4)

2009 - development and introduction new Listing rules

2009 - restoration of market unity through union of the main trading floorof KASE and STF RFCA

KASE Market StructureKASE Market Structure

Repo (money) market constitutes for 49.1 % of KASE trade volume

42.1 %

3.3 %

41.2%In 10 months of

2009

126,774.5USD m

Auto repo in government securities,

USD52,286.2 m

Nego repo in corporate securities, USD5,135.6 m (4.1 %)

Nego repo with government securities, USD687.9 m (0.5 %)

Auto repo with corporate securities, USD4,197.7 m

Currency,USD53,431.5 m

Government securities, USD7,277.3 m (5.7 %)

Corporate bonds,USD2,292.9 m (1.8 %)

Shares, USD1,464.7 m (1.2 %)

Repo (money) market constitutes for 49.1 % of KASE trade volume

42.1 %

3.3 %

41.2%In 10 months of

2009

126,774.5USD m

Auto repo in government securities,

USD52,286.2 m

Nego repo in corporate securities, USD5,135.6 m (4.1 %)

Nego repo with government securities, USD687.9 m (0.5 %)

Auto repo with corporate securities, USD4,197.7 m

Currency,USD53,431.5 m

Government securities, USD7,277.3 m (5.7 %)

Corporate bonds,USD2,292.9 m (1.8 %)

Shares, USD1,464.7 m (1.2 %)

KASE serves a wide range of markets: "nego" and "automatic" repo with government and corporate securities foreign currency (US dollar, euro, Russian ruble) government securities issued by the National Bank, Ministry of Finance

(including Kazakhstan international bonds) and local district authorities of Republic of Kazakhstan

IFO bonds and foreign government securities promissory notes equities corporate bonds

KASEKASE – – Universal MarketUniversal Market

Trade Volume and TurnoverTrade Volume and Turnover

0

50

100

150

200

250

300

350

400

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 01.11.09

126,

8

371,

1

322,

5

263,

2

217,

0

203,

7

Repo

Corporate securities

Public securities

Derivatives

CurrenciesTurn

over

, USD

, bn

0

50

100

150

200

250

300

350

400

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 01.11.09

126,

8

371,

1

322,

5

263,

2

217,

0

203,

7

Repo


Public securities

Derivatives

Currencies

Repo


Public securities

Derivatives

CurrenciesTurn

over

, USD

, bn

Trade Volume and GDPTrade Volume and GDP

0

50

100

150

200

250

300

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 01.11.10090

50

100

150

200

250

KASE, USD bn

% to GDP

GDP, USD bn

207.6 %

200 %

0

50

100

150

200

250

300

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 01.11.10090

50

100

150

200

250

KASE, USD bn

% to GDP

GDP, USD bn

207.6 %

200 %

Market CapitalizationMarket Capitalization

0

10

20

30

40

50

60

70

80

90

100

2001 2002 2003 2004 2005 2006 2007 2008 2009

Shares

0

2

4

6

8

10

12

14

16

18

20

2001 2002 2003 2004 2005 2006 2007 2008 2009

Corporate bonds

as of November 1, 2009 –USD56.1 bn


0

10

20

30

40

50

60

70

80

90

100

2001 2002 2003 2004 2005 2006 2007 2008 2009

Shares

0

2

4

6

8

10

12

14

16

18

20

2001 2002 2003 2004 2005 2006 2007 2008 2009

Corporate bonds



Listed CompaniesListed Companies

17 2332

49

6879

94

114126

145 130

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

TOTAL

82

62

54

211717

85

69

25

40

68

89101

89

1

78

56

4545

36

11

22

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Shares

Corporate bonds

as o

f Nov

embe

r1

as o

f Nov

embe

r1

17 2332

49

6879

94

114126

145 130

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

TOTAL

82

62

54

211717

85

69

25

40

68

89101

89

1

78

56

4545

36

11

22

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Shares

Corporate bonds

17 2332

49

6879

94

114126

145 130

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

TOTAL

82

62

54

211717

85

69

25

40

68

89101

89

1

78

56

4545

36

11

22

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Shares

Corporate bonds

as o

f Nov

embe

r1

as o

f Nov

embe

r1

SecuritiesSecurities

29 40 5788

129174

235295

422

376

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

TOTAL

9078

110112

4261

93

332728

312

264

1

202

145

96

6846

13 24

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

SharesDebt securities

as o

f Nov

embe

r1

as o

f Nov

embe

r1

29 40 5788

129174

235295

422

376

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

TOTAL

9078

110112

4261

93

332728

312

264

1

202

145

96

6846

13 24

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009


29 40 5788

129174

235295

422

376

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

TOTAL

9078

110112

4261

93

332728

312

264

1

202

145

96

6846

13 24

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009


as o

f Nov

embe

r1

as o

f Nov

embe

r1

Industry StructureIndustry Structure

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2000

2001

2002

2003

2004

2005

2006

2007

2008

01.1

1.09

Energy

Financials

TelecommunicationServicesRaw materials sector

Industrials

Consumer Staples

Public sector

Information Technology

Health Care

Consumer Discretionary

Shares

2000

2001

2002

2003

2004

2005

2006

2007

2008

01.1

1.09

Corporate

Global Industry Classification Standard (GICS)® has been used as a classificator

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2000

2001

2002

2003

2004

2005

2006

2007

2008

01.1

1.09

Energy

Financials

TelecommunicationServicesRaw materials sector

Industrials

Consumer Staples

Public sector

Information Technology

Health Care

Consumer Discretionary

Shares

2000

2001

2002

2003

2004

2005

2006

2007

2008

01.1

1.09

Corporate

Global Industry Classification Standard (GICS)® has been used as a classificator

Liquidity ParametersLiquidity Parameters

2,1

4,13,6

1,3

8,9

3,8

0

1

2

3

4

5

6

7

8

9

10

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 01.11.09

Shares

Corporate bonds

Mon

thly

trad

e vo

lum

e, U

SD b

n

KASE total turnover for 10 months of 2009 in shares – USD1,465.0 m,in corporate bonds – USD2,293.0 m

2,1

4,13,6

1,3

8,9

3,8

0

1

2

3

4

5

6

7

8

9

10

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 01.11.09

Shares

Corporate bonds

Mon

thly

trad

e vo

lum

e, U

SD b

n

KASE total turnover for 10 months of 2009 in shares – USD1,465.0 m,in corporate bonds – USD2,293.0 m

Liquidity ParametersLiquidity Parameters

KASE average daily turnover for 10 months of 2009 in shares – USD7.1 m,in corporate bonds – USD11.1 m

0

20

40

60

80

100

120

140

160

2004 2005 2006 2007 2008 2009

Shares

Corporate bonds

Daily

trad

e vo

lum

e, U

SD m

KASE average daily turnover for 10 months of 2009 in shares – USD7.1 m,in corporate bonds – USD11.1 m

0

20

40

60

80

100

120

140

160

2004 2005 2006 2007 2008 2009

Shares

Corporate bonds

Daily

trad

e vo

lum

e, U

SD m

KASE IndexKASE Index

1,681

(30.10.09)

2,856

(19.07.07)

2,387

(20.08.07)

1,589

(05.06.06)

2,808

(12.02.07)2,394

(19.04.06)

2,858

(21.02.08)

0

700

1400

2100

2800

3500

4200

01

.01

.05

01

.04

.05

01

.07

.05

01

.10

.05

01

.01

.06

01

.04

.06

01

.07

.06

01

.10

.06

01

.01

.07

01

.04

.07

01

.07

.07

01

.10

.07

01

.01

.08

01

.04

.08

01

.07

.08

01

.10

.08

01

.01

.09

01

.04

.09

01

.07

.09

01

.10

.09

0

50

100

150

200

250

300

KASE Index

Market share deals volume, USD m

682.0

216

(05.01.05)

689.3

503.3 391.6

507.4

KASE uses its own trading platform:

"Server – Client" electronic trading system

remote access

electronic signature and electronic document circulation

traffic encryption

on-line data preservation

KASE TechnologiesKASE Technologies

Contact InformationContact Information

Internet: www.kase.kz

E-mail: [email protected]

Reception: (+7 727) 272 98 98, 237 53 00

Informationand AnalysisDepartment: (+7 727) 237 53 18, 237 53 23

Fax: (+7 727) 296 64 02

Address: 291/3a, Dostyk ave, 050020, Almaty, Kazakhstan

november 1, 2009 kazakhstan stock exchange. kase – coeval of tenge kase was established on...

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