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
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