/IRBIS, Oct 3, 01/ - Following is the table of major indicators of Kazakhstan market for U.S. dollar (more than 99% of country's all currency market). Trends are shown relative to the figures of previous day.

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Trades in U.S. dollars at Kazakhstan stock exchange (KASE)
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Instrument                   USD TOD       USD TOD     USD TOM      USD SPOT
Session                         Main   Additional.     Evening       Evening
Time of trades (AST)   10:15a-11:00a  11:30a-3:30p 2:00p-6:00p   2:00p-6:00p
Rate (KZT/USD)         147.96(-0.01) 147.96(-0.01)           -             -
Volume of session (m)  8.570(-1.550) 2.180(+1.780)           0             0
Bid                    147.95(-0.02) 147.94(-0.02)           -             -
Ask                    147.96(-0.02) 147.96(-0.03)           -             -
Number of participants        16(-4)        11(+1)           0             0
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Indicative
U.S. dollar quotations on interbank over-the-counter market in information
system REUTERS at closing of KASE sessions (disregarding settlement dates)
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Bid                    147.92(-0.03) 147.92(-0.02)             147.93(+0.01)
Ask                    147.98(-0.02) 147.96(-0.05)             147.98(+0.01)
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Notes: weighted average rate is given for main session. for additional - closing rate; best ask and offer prices at closing of the trades are shown as the Exchange's quotations the best prices for ask and bid at the closing of trades are given.

The results of the day indicate that the volume of dollar supplies is the main reason which refrains the further weakening of tenge in spite of a great demand and increasing liquidity of the market. It is hard to determine the origins of both the demand and supply. Probably, most of the dollars is sold by the exporters. However, there is a high possibility that some banks (at least one of them) were closing long positions today. It can be said so about the demand though. The constitution of the participants who were buying the American currency is various. If the banks buying the dollars were the same during summer, which primarily serve the importers, then now different traders are appearing among the buyers. It allows IRBIS specialists to talk about autumn activation of the speculations on the currency market, which is stimulated by the decrease in the cost of the shortest money. Actually, similar observations were noticed last fall, when traders used cheap money to raise the exchange rate of the dollar.

In general, currency market seemed quite stable today. Active traders were causing the fluctuations to be bilateral, pressing the exchange rate either from the top or bottom. As a result, the market seemed to be volatile. However, it is still difficult to create a stable trend. Results of the trades demonstrate a constant price of the American currency, though during the sessions the exchange rate is widely fluctuating, which is not typical lately.

The forecast for next day is not clear, as it was not yesterday, since both the demand and supply is quite big. There is an equal possibility of the market growth and its decrease.