/IRBIS, October 1, 03/ - Today the next morning trades in U.S. dollar were held at Kazakhstan Stock Exchange (KASE) on TOD payment term. A total of 16 banks participated in the trades. Following are main parameters of the trade and comparison with corresponding indicators of previous morning session.

The trades opened at KZT149.10 per dollar. A total of 71 (-101) deals were made. Weighted average exchange rate equaled to 148.58 (-0.39) per unit. Volume of the session - $4.180 m. (-$13.640 m.). At closing of the session quotations were KZT148.55 (-0.40) / 148.58 (-0.38) per dollar.

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                             Time (ALT)
Price   Volume,    Number  -----  -----
level    m. USD  of deals   from     to
------  -------  --------  -----  -----
149.10        5         1  10:15  10:15
148.80      110         2  10:15  10:17
148.75        5         1  10:15  10:15
148.70       15         3  10:15  10:18
148.69       10         1  10:17  10:17
148.68       10         1  10:17  10:17
148.67       10         1  10:17  10:17
148.66       10         1  10:19  10:19
148.65      210         3  10:20  10:20
148.64      150         4  10:21  10:21
148.63        5         1  10:22  10:22
148.62        5         1  10:22  10:22
148.61      165         5  10:22  10:57
148.60      405         5  10:22  10:22
148.59      290         5  10:25  10:58
148.58      400         5  10:24  10:57
148.57      765        13  10:26  10:58
148.56      250         3  10:58  10:58
148.55      950         9  10:27  10:58
148.54      200         3  10:29  10:36
148.50      210         3  10:33  10:33
------  -------  --------  -----  -----
TOTAL     4,180        71  10:15  10:58
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As specialists of IRBIS assumed, transactions volume abruptly decreased today because currency traders had taken waiting position. On one hand, there is still tenge deficit at the market. National Bank still does not support banking sector's liquidity by repo transactions. On the other hand, currency market's participants, in all probability, are still under the impression of Mr. Marchenko's statement to the address of speculative banks' traders.

The session started actively demonstrating predominance of dollar offer over demand. Foreseeing strengthening of tenge, traders hurried to sell currency at higher rate and pulled dollar's price from 148.69 to 148.50. However there was not massed demand for dollar. In the second half of the session the market demonstrated approximate parity between demand and offer within 148.55 - 148.62 tending to low levels a bit.

Judging on results of the session that offer volume prevailed over volume of demand forming general direction of market's moving. Suppliers of the currency were mainly banks, which traditionally specialized in dollar sale and exporters servicing, that, nevertheless, does not mean sale of these companies' currency proceeds at the stock exchange today.

It's difficult to forecast market's motion till the end of the day. An insignificant strengthening of tenge as well as some growth of dollar's rate is possible.

At closing of the morning session out of stock exchange dollar was at KZT148.56/67, one hour and one hour and a half later quotations did not change. At the day trades of KASE at 12:40 p.m. dollar was at 148.50/55, the last deal was made at 148.51.

[2003-10-01]