/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, February 27, 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                                130.00    -0.50
Maximum rate                                          130.40    -0.30
Volume at maximum price                                    5        0
Minimum rate                                          130.00        0
Volume at minimum price                                    5        0
Rate of the last deal                                 130.31    +0.31
----------------------------------------------------  ------  -------
Weighted average rate                                 130.30    -0.19
Volume of the session                                 42,085   -9,405
----------------------------------------------------  ------  -------
Number of deals                                           73      -56
Number of participants                                    15       -4
Volume of unsatisfied offer*                           9,865     -720
Volume of unsatisfied demand*                         23,250  +18,155
Best demand on KASE at closing                        130.30    +0.30
Best offer on KASE at closing                         130.31    -0.11
----------------------------------------------------  ------  -------
Best demand at 11:00 out of stock exchange (REUTERS)  130.24    -0.08
Best offer at 11:00 out of stock exchange (REUTERS)   130.29    -0.07
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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
------  -------  --------  -----  -----
130.40        5         1  10:16  10:16
130.31     1250         5  10:29  10:59
130.30    38820        56  10:15  10:59
130.29     1000         1  10:16  10:16
130.25      350         3  10:15  10:15
130.20      300         3  10:15  10:15
130.19      200         1  10:15  10:15
130.18      100         1  10:15  10:15
130.01       55         1  10:16  10:16
130.00        5         1  10:15  10:15
------  -------  --------  -----  -----
TOTAL     42085        73  10:15  10:59
---------------------------------------

Falling of USD offer volume has not changed market's conjuncture. Dollar is still loosing points because of low demand of STBs. Today group of USD net-sellers comprised almost all banks, participating in making exchange's deals. Degree of offer monopolization was extremely high. Market's support level was formed at 130.30 and seemed to be very "firm".

Obviously on the day market traders will go on testing firmness of support at 130.30, because there is almost no demand for USD. Market's correction upward is possible only if its participants finally make sure of this level firmness.

Judging on results of technical analysis attempts to play for raising dollar rate are quite possible.

At the day trades of KASE at 12:20 p.m. dollar was quoted at 130.33/36, the last deal was made at 130.36. Volume of exchange transactions at the day trades by the mentioned time did not exceed $3.0 m. Out of stock exchange at 12:20 dollar was quoted at 130.31/35.

[2006-02-27]