/IRBIS, Andrey Tsalyuk, Sergey Yakovlev, February 7, 05/ - 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                                129.96   -0.04
Maximum rate                                          129.96   -0.23
Volume at maximum price                                    5       0
Minimum rate                                          129.60   -0.20
Volume at minimum price                                 1055   +1050
Rate of the last deal                                 129.83   -0.14
----------------------------------------------------  ------  ------
Weighted average rate                                 129.83   -0.15
Volume of the session                                 62,475  -3,500
----------------------------------------------------  ------  ------
Number of deals                                          144    +100
Number of participants                                    16       0
Volume of unsatisfactory offer*                        5,095  -6,075
Volume of unsatisfactory demand*                      10,970  -9,445
Best demand at KASE at closing                        129.83   -0.13
Best offer at KASE at closing                         129.84   -0.13
----------------------------------------------------  ------  ------
Best demand at 11:00 out of stock exchange (REUTERS)  129.79   -0.13
Best offer at 11:00 at stock exchange (REUTERS)       129.87   -0.13
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*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
------  -------  --------  -----  -----
129.96        5         1  10:18  10:18
129.91      350         2  10:18  10:19
129.90      200         2  10:19  10:19
129.89        5         1  10:22  10:22
129.87     4100        29  10:23  10:31
129.86     1300         8  10:34  10:34
129.85      800         4  10:36  10:36
129.84       50         1  10:37  10:37
129.83    50265        76  10:19  10:59
129.82      200         2  10:41  10:41
129.81      400         2  10:41  10:41
129.80     3745        13  10:19  10:45
129.60     1055         3  10:41  10:44
------  -------  --------  -----  -----
TOTAL     62475       144  10:18  10:59
---------------------------------------

Exporters' USD offer volume still strengthens tenge. Judging on results of haggling it's possible to say the market has rather confidently fixed itself below "zeroes" and is still gradually falling. Degree of demand monopolization is still very high that means the considerable potential of tenge for further strengthening.

It's notable that almost all net-sellers of USD work for both purchase and sale. Two participants finished the session with zero net. Judging on all, traders of big banks do not hope for a deep falling of the market and, selling their clients' currency restore their currency positions at a time.

Results of technical analysis let forecast further strengthening of tenge and do not exclude market's falling to 129.48.

One hour after closing of the morning session out of stock exchange dollar was quoted at KZT129.88/98, two hours later - 129.83/94. At the day trades of KASE at 1:00 p.m. dollar was quoted at 129.92/96, deals were not made yet.

[2005-02-07]