/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, May 18, 04/ - Today the next morning trades in U.S. dollar were held at Kazakhstan Stock Exchange (KASE) on TOD payment terms. Below are main parameters of the trade and comparison with corresponding indicators of previous morning session.

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

---------------------------------------------------------------------
Indicator                                              Value    Trend
----------------------------------------------------  ------  -------
Rate of the first deal                                137.00    +0.20
Maximum rate                                          137.00    -0.10
Volume at maximum price                                    5        0
Minimum rate                                          136.65    -0.12
Volume at minimum price                                    5        0
Rate of the last deal                                 136.76    -0.04
----------------------------------------------------  ------  -------
Weighted average rate                                 136.70    -0.13
Volume of the session                                  9,465  -26,265
----------------------------------------------------  ------  -------
Number of deals                                          120      -56
Number of participants                                    20       +1
Volume of unsatisfactory offer*                          660   -8,710
Volume of unsatisfactory demand*                       3,110   +2,715
Best demand at KASE at closing                        136.76    -0.04
Best offer at KASE at closing                         136.77    -0.04
----------------------------------------------------  ------  -------
Best demand at 11:00 out of stock exchange (REUTERS)  136.73    -0.03
Best offer at 11:00 at stock exchange (REUTERS)       136.83        0
---------------------------------------------------------------------
* 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  -----  -----
level   th. USD  of deals   from     to
------  -------  --------  -----  -----
137.00        5         1  10:15  10:15
136.76      300         1  10:59  10:59
136.75     1040        11  10:55  10:59
136.74       10         1  10:59  10:59
136.73      675        10  10:18  10:55
136.72     1605        16  10:51  10:55
136.71      485        10  10:18  10:50
136.70      815        20  10:15  10:48
136.69      115         3  10:29  10:47
136.68      610         6  10:22  10:46
136.67     1345        13  10:29  10:46
136.66     2455        27  10:29  10:45
136.65        5         1  10:30  10:30
------  -------  --------  -----  -----
TOTAL      9465       120  10:15  10:59
---------------------------------------

Situation at the currency floor has changed a bit in comparison with previous day. USD offer volume abruptly decreased that let the head bank keep from supporting the market from below. Nevertheless, client's and bank's demand for USD is still low and in unable to turn the market to correcting movement.

During the whole session traders were trying to open differently directed positions. Despite the fallen volume of trades there was an active positional game at the floor. Traders tested the market in both directions, and in the second half of the trade dollar managed to overcome the pressure of sales. The session closed with some growth.

One hour after closing of the morning session out of stock exchange dollar was quoted at KZT136.73/83, one hour and a half later - 136.61/71. At the day trades of KASE at 12:30 p.m. dollar was quoted at 136.61/66, the last deal was made at 136.62.

[2004-05-18]