/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, August 2, 04/ - Following is the table of major indicators of Kazakhstan market for U.S. dollar (over 99% of country's foreign exchange market) according to results of the day. Values are given in tenge per dollar, volume - th. USD, trends are shown relative to corresponding figures of previous trading day.

Results of trades at Kazakhstan stock exchange

------------------------------------------------------------------
                                 USD TOD      USD TOD      USD TOM
                                    Main   Additional   Additional
Instrument                     (morning)        (day)    (evening)
                       10:15 - 11:00 ALT  11:30-15:30  14:00-18:00
KASE's session         ----------------- ------------ ------------
Time                   -------- -------- ------ ----- ------ -----
Indicator                 Value    Trend  Value trend  value trend
---------------------- -------- -------- ------ ----- ------ -----
Opening rate             136.35    +0.35 136.28 -0.09      -     -
---------------------- -------- -------- ------ ----- ------ -----
Maximum rate             136.35    -0.15 136.45 -0.03      -     -
Volume on max. Price         25      +20    850  +405      0     0
---------------------- -------- -------- ------ ----- ------ -----
Minimum rate             136.25    +0.25 136.27 -0.07      -     -
volume on min. Price       1250    +1245    300     0      0     0
---------------------- -------- -------- ------ ----- ------ -----
Closing rate             136.27    -0.08 136.44 -0.04      -     -
---------------------- -------- -------- ------ ----- ------ -----
Weight. aver. rate       136.27    -0.02 136.36 -0.04      -     -
Volume of the session      3945   -13235   7250 +1245      0     0
Number of deals              87      -60     35    -1      0     0
Number of participants       15       -2     14    -3      0     0
---------------------- -------- -------- ------ ----- ------ -----
Best ask*                136.26    -0.04 136.41 -0.05      -     -
Best bid*                136.28    -0.07 136.44 -0.04      -     -
---------------------- -------- -------- ------ ----- ------ -----
REUTERS Bid*             136.21    -0.05 136.36 +0.01 136.35 -0.01
REUTERS Ask*             136.31        0 136.46 +0.01 136.43 -0.03
------------------------------------------------------------------

* at closing of the session at KASE, out of stock exchange - by the data of REUTERS

Table of price levels of trade in US dollar at KASE on TOD terms

---------------------------------------------------------
                                                    TOTAL
                                   BY RESULTS OF THE DAY:
            Morning          Day ------------------------
            Morning          Day ------ ----- -----------
           Session:     session:              time (ALT):
       ------------ ------------              -----------
 Price ------ -----
 level volume Deals volume deals volume deals  from    to
------ ------ ----- ------ ----- ------ ----- ----- -----
136.45                 850     4    850     4 14:55 15:01
136.44                 100     2    100     2 15:28 15:28
136.43                 995     8    995     8 14:54 15:24
136.42                 600     2    600     2 14:32 14:34
136.41                 505     3    505     3 14:35 15:17
136.40                 400     1    400     1 14:48 14:48
136.39                 100     1    100     1 14:28 14:28
136.37                 500     2    500     2 14:18 14:18
136.35     25     1                  25     1 10:15 10:15
136.34    100     1                 100     1 10:19 10:19
136.33     15     2    600     2    615     4 10:20 14:16
136.32     10     2    100     1    110     3 10:19 13:59
136.31    265     5                 265     5 10:19 10:28
136.30     70     7                  70     7 10:18 10:27
136.29    290    12   1700     5   1990    17 10:20 12:47
136.28    325     9    500     3    825    12 10:30 12:49
136.27    855    10    300     1   1155    11 10:30 12:11
136.26    740    18                 740    18 10:43 10:51
136.25   1250    20                1250    20 10:30 10:45
------ ------ ----- ------ ----- ------ ----- ----- -----
TOTAL    3945    87   7250    35  11195   122 10:15 15:28
---------------------------------------------------------

Parameters of unsatisfied demand and supply at trading system of KASE for the last 5 days (the amount of valid bids by the time of morning and day trades closed, th. USD)

--------------------------------------------------------------------
Indicator  July 27, 04 July 28, 04 July 29, 04 July 30, 04 Aug 2, 04
---------- ----------- ----------- ----------- ----------- ---------
Bid              2 310       5 700       5 985       4 555     5 450
Ask              3 845       3 925       4 250       3 480     4 155
---------- ----------- ----------- ----------- ----------- ---------
Difference      +1 535      -1 775      -1 735      -1 075    -1 295
--------------------------------------------------------------------

Rough parity between demand and supply of dollar maintained market conditions that was developing into side trend. insignificant strengthening of tenge on the morning session was compensated by demand one of the banks on the day trades. This demand looked local and could be hardly taken as a reason to forecast Tuesday growth of dollar.

IRBIS analysts do not exclude that dollar supply volume fell because of high volatility of dollar rate against other world currencies. At the same time, main reasons for it are excessive tenge liquidity and reluctance of buyers.

It looks like past weekend does not change situation and traders still probe domestic market. So far, interim trend of dollar growth is topical and confirmed by technical analysis.

IRBIS does not expect any sound changes on Tuesday forecasting positional trades and moderate activity.

[2004-08-02]