/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, May 28, 07/ - Today the next morning trades in U.S. dollar were held on Kazakhstan stock exchange (KASE) in TOM terms, due to the holiday on the motherland of American currecy. The main parameters of the trade and comparison with corresponding indicators of previous morning session, on which dollar was traded in TOD terms.

Table of trade results (tenge per dollar, th. dollars)

-----------------------------------------------------------------------
Indicator                                               Value     Trend
----------------------------------------------------  -------  --------
Rate of the first deal                                 121.55     +1.65
Maximum rate                                           122.09     +1.09
Volume at maximum price                                    50     -2100
Minimum rate                                           121.45     +1.55
Volume at minimum price                                  5000     +4995
Rate of the last deal                                  121.65     +0.67
----------------------------------------------------  -------  --------
Weighted average rate                                  121.65     +0.97
Volume of the session                                 247,450  +109,100
----------------------------------------------------  -------  --------
Net-turnover                                          225,200  +118,610
Number of deals                                           145        +8
Number of participants                                     16        -4
Volume of unsatisfied offer*                           10,650    +2,260
Volume of unsatisfied demand*                          31,100   -34,850
Best demand on KASE at closing                         121.65     +0.75
Best offer on KASE at closing                          121.68     +0.69
----------------------------------------------------  -------  --------
Best demand at 11:00 out of stock exchange (REUTERS)   121.64         X
Best offer at 11:00 out of stock exchange (REUTERS)    121.69         X
-----------------------------------------------------------------------
* volume of corresponding active bids of STB in the trade system 
  at closing of the trade

Table of trade price levels

-----------------------------------------
                               Time (ALT)
Price    Volume.  Number of  ------------
level   th.. USD      deals   from     to
------  --------  ---------  -----  -----
122.09        50          1  10:30  10:30
122.05        50          1  10:30  10:30
122.00        50          1  10:27  10:27
121.95       100          2  10:26  10:26
121.90     3,200          5  10:26  10:31
121.89        50          1  10:22  10:22
121.87        50          1  10:31  10:31
121.86     1,000          1  10:31  10:31
121.85     1,000          1  10:31  10:31
121.83       800          3  10:32  10:32
121.82        50          1  10:32  10:32
121.80     1,000          1  10:32  10:32
121.79     3,000          1  10:32  10:32
121.78       100          1  10:32  10:32
121.75     2,000          3  10:33  10:33
121.72     1,000          1  10:33  10:33
121.71       600          2  10:33  10:33
121.70     6,000          5  10:33  10:34
121.69     4,000          4  10:34  10:34
121.68    94,800         31  10:37  10:56
121.67    11,200          2  10:34  10:42
121.65    46,850         30  10:34  10:59
121.64     3,100          6  10:44  10:54
121.63     2,000          1  10:46  10:46
121.62     4,100          4  10:35  10:46
121.61    12,150          8  10:35  10:46
121.60    18,650         12  10:35  10:51
121.59       100          1  10:51  10:51
121.56       100          2  10:47  10:47
121.55    10,200          3  10:16  10:50
121.51       100          1  10:48  10:48
121.50    14,900          4  10:48  10:49
121.46       100          1  10:49  10:49
121.45     5,000          3  10:49  10:49
------  --------  ---------  -----  -----
TOTAL    247,450        145  10:16  10:59
-----------------------------------------

As it was supposed by analysts of IRBIS beforehand, the market today had eagerly went upward, with big volume of trades, despite the banks did not have ability to make settlements on the day of deals' making. Even while session opening the price of American currency had significantly exceeded the price of closing of exchange market on Friday. Further on small volumetric deals the rate of dollar was managed to be raised to 122.09, which made the head bank to interfere into situation and damped the speculators.

The pointed factor is hard to be overestimated, because the action of its had returned market to the rate of opening and made traders to conduct position trade near 121.60. However at that disposition of banks on KASE was showing the expressed wish of banks to buy American currency.

Results of technical analysis show that with beginning of new week nothing change. Potential of dollar to further strengthening remains high, however it can be realized only in frames of technical correction. The long-term tendency of strengthening of tenge is still actual.

Till the end of day analysts of IRBIS are expecting less persistent attempts to strengthen dollar.

At the day trades of KASE at 12:25 p.m. dollar was quoted at 121.70/74, the last deal was made at 121.70. Volume of deals at that had reached $11.0 m. On over-the-counter the dollar was quoted at 121.67/121.70

[2007-05-28]