/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, February 24, 06/ - Today the next morning trades in U.S. dollar were held on 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                                130.50    -0.10
Maximum rate                                          130.70    -0.30
Volume at maximum price                                    5     -100
Minimum rate                                          130.00    -0.60
Volume at minimum price                                    5        0
Rate of the last deal                                 130.00    -0.82
----------------------------------------------------  ------  -------
Weighted average rate                                 130.49    -0.39
Volume of the session                                 51,490  +42,930
----------------------------------------------------  ------  -------
Number of deals                                          129      +53
Number of participants                                    19       +2
Volume of unsatisfied offer*                          10,585   +7,185
Volume of unsatisfied demand*                          5,095   +2,595
Best demand on KASE at closing                        130.00    -0.83
Best offer on KASE at closing                         130.42    -0.43
----------------------------------------------------  ------  -------
Best demand at 11:00 out of stock exchange (REUTERS)  130.32    -0.46
Best offer at 11:00 out of stock exchange (REUTERS)   130.36    -0.48
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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
------  -------  --------  -----  -----
130.70        5         1  10:15  10:15
130.60        5         1  10:17  10:17
130.58      100         1  10:32  10:32
130.55      705         4  10:18  10:33
130.54      805         5  10:18  10:33
130.53      310         5  10:17  10:34
130.52     1010         9  10:21  10:34
130.51      550         6  10:22  10:34
130.50    20110        38  10:15  10:46
130.49    23950        33  10:35  10:47
130.48      970         5  10:41  10:48
130.47      550         2  10:43  10:50
130.46      505         5  10:49  10:52
130.41      300         2  10:53  10:55
130.40     1610        11  10:52  10:59
130.00        5         1  10:59  10:59
------  -------  --------  -----  -----
TOTAL     51490       129  10:15  10:59
---------------------------------------

The abrupt growth of USD offer volume of one of banks again pushed the market down today. Among USD net-sellers today there were three of actual market-makers from among STBs. Demand was mainly formed by medium and small banks, number of which considerably exceeded the number of net-sellers. This demand was not enough to neutralize offer entirely, and this resulted in the necessity of the National Bank's participation in the trades.

Result of the session is confirmation of strong potential of tenge for further strengthening.

Nevertheless, judging on results of technical analysis dollar today reached the key support, from which one can expect the next technical correction of the market upward.

At the day trades of KASE at 1:10 p.m. dollar was quoted at 130.24/28, the last deal was made at 130.28. Volume of exchange transactions at the day trades by the mentioned time did not exceed $6.0 m. Out of stock exchange at 1:10 dollar was quoted at 130.28/33.

[2006-02-24]