/IRBIS, Jan 28, 02/ - 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 corresponding figures of previous day.

--------------------------------------------------------------------------------
Trades in U.S. dollars at Kazakhstan stock exchange (KASE)
--------------------------------------------------------------------------------
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)          151.62(+0.07)  151.56(-0.06)            -              -
Volume of session (m)   1.340(-9.240)  1.760(+1.260)            0              0
Bid                     151.60(+0.05)  151.52(-0.04)            -              -
Offer                   151.62(+0.06)  151.56(-0.06)            -              -
Number of participants         14(-4)         13(+7)            0              0
----------------------  -------------  -------------  -----------  -------------
Indicative U.S. dollar quotations on interbank over-the-counter market in 
information system REUTERS at closing of KASE sessions (disregarding settlement 
dates)
--------------------------------------------------------------------------------
Bid                     151.58(+0.03)     151.57( 0)               151.53(-0.05)
Offer                   151.63(+0.03)  151.62(-0.01)               151.59(-0.04)
--------------------------------------------------------------------------------

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 day showed relatively less active dollar market at which the main rate- forming factor was decreased supply of American currency. Demand remained at the same level. As a result the market came into condition of objective balance without corrections from the National Bank side.

A disposition of traders at the exchange almost hasn't changed, only participants' number became less. Dollar today was sold (based on resulting net position) by five banks. All they worked for the sale as on Friday. 9 traders were working in buyers' camp and this list looked traditional enough. No banks have changed cardinally its position.

Accurate sales during the morning session allowed to dollar sellers lead out USD rate upward hoping that buyers will perceive this tendency in conditions of excessive supply of becoming cheap short money in repo sector will start untwisting the market up. But traders didn't' pick for this step. At last minutes of the morning session already it was clear that nobody ready to accept dollar at rising price. Day traders were opened at weighted average rate of main trade. But necessity of realization of clients currency in this particular day made sellers to increase supply during final phase of the trades that led to fast decline of dollar rate to 151.56.

Therefore, the main feature of Monday is an incompliance of buyers and unwillingness of speculative traders to use decline of American currency supply volume in order to move it upward. The market remains mainly client.

Dynamics of indicators and banks positions in repo sector of KASE allow expect on Tuesday a certain strengthening of tenge relative to dollar or stable rate.