FEAS Yearbook FEAS Yearbook 2008 | Page 37

FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2008 KYRGYZ 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 4.1393 0.7367 43.0113 1.7911 7.4203 26.1847 83.28 0.2179 0.0351 2.1506 0.0814 0.3905 1.0474 0.65 1.2339 1.6253 10.7482 7.5255 21.7915 25.224 68.15 0.0649 0.0774 0.5374 0.3421 1.1469 1.009 0.53 Bonds Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 TOTAL 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 TOTAL 0 0 0 0 0 0 n/a 0 0 0 0 0 0 n/a 0 0 0 0 0 0 n/a 0 0 0 0 0 0 n/a Market Capitalization (US$ millions) Index Jan-08 158.69 125.4 Feb-08 145.28 116.75 Mar-08 144.97 152.4 Apr-08 148.22 157.09 May-08 144.3 152.29 Jun-08 149.84 125.64 PRACTICES & PROCEDURES Trading Days Hours Market segmentation Monday-Friday 9:00-18:00 Primary stock market, secondary stock market, primary bond market, secondary bond market System Fully automated Mechanisms Primary market (floatation), Seconday Market continuous exchange auction Market-maker/Specialists No Instruments Stocks, Bonds and treasury bills Currency Local Real time information Last price, last volume, total volume Clearing & Settlement Central Depository Period Registered Settlement Clearing DVP Clearing Institution Risk Sharing Margin/Lending Custodians No, a seperate entity the Kyrgyz Central Depository (CD) and its Settlement Bank T+3 (for market transactions) T+0 (for registration transactions) Yes Book entry Transaction by transaction Yes Yes, Central Depository Yes No Brokerage houses and Central Depository Taxes Cash Dividends Interest Income Capital Gains Structure & Regulations Legal Regulation Securities market regulations Trading rules Surveillance Corporate actions Trading halts regulations Investor protection Foreign Participation Foreign investors Investment limitations Repatriation 0% (for residents), 10% (for non- residents) 10% (for residents, except banks), 10% (for non-residents) Add to the annual income for tax calculation Profit tax: 20% (for residents), 30% (for non-residents) Close Joint Stock Company Self Kyrgyz Republic Kyrgyz Stock Exchange Yes Independent agents Yes Yes No restrictions No limitations No restrictions PAGE 37