Halyk Bank stocks at the Kazakhstan Stock Exchange (KASE) dropped 8.62% to $0.25, which is slightly better than the 9% plunge earlier.
The reason the bank’s stocks have been caught under pressure is the shareholder meeting today. The financial entity hasn’t yet announced the results of the meeting.
As of 12:25 Astana time, there were 349 transactions with 744,100 shares of Halyk Bank ($232,000), according to KASE.
The only message the bank made so far was the announcement of a shareholder meeting scheduled for today October 21. The key topic on the meeting’s agenda is dividend payouts: should the bank...