KazTransOil shares have risen in price
ASTANA. August 6. KAZINFORM Shares of "KazTransOil" JSC, a company-debut of People's IPO, for the past week have risen to 0.63% - up to 795 tenge (about 5 US dollars), the official website of the State program "People's IPO» informs.
It is noted that growth has occurred amid a general market trend. "The index of the Kazakhstan Stock Exchange (KASE) has grown up this week to 1.53%. The reason is the continuing rise of global markets: the U.S. S & P500 index on Friday, August 2, set a new record high - 1,704.25 points. Growth driver of markets was the news that the U.S. unemployment rate reached the lowest level since 2008, " reads the statement posted on the website of the Program.
Meanwhile, on the Kazakhstan stock market investors are waiting association of pension funds, after which noticeable increase is assumed in investment activity. "In our list of top recommendations for purchase there are " KazTransOil", "Exploration and Production "KazMunaiGas" and "K-cell ", it is indicated in the report of "Asyl Invest". Analysts say the company's shares of KTO (KazTransOil) are attractive for purchase at current levels - below 800 tenge per share. "Asyl-Invest" has raised the price target on shares of KTO to 1160 from 1084 tenge - the growth potential of the order is 45%.