Results of US dollar trades at the morning (main) session of KASE on August 10

/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, August 10, 07/ - Today the next morning trades in U.S. dollar in TOD terms were held on Kazakhstan stock exchange (KASE). The main parameters of the trade and comparison with corresponding indicators of previous morning session are presented below. Table of trade results (tenge per dollar, th. dollars) ----------------------------------------------------------------------- Indicator Value Trend ---------------------------------------------------- ------- -------- Rate of the first deal 124.20 -0.40 Maximum rate 125.90 +0.96 Volume at maximum price 200 +195 Minimum rate 124.20 -0.36 Volume at minimum price 5 0 Rate of the last deal 125.00 +0.11 ---------------------------------------------------- ------- -------- Weighted average rate 125.00 +0.24 Volume of the session 565,535 +491,700 ---------------------------------------------------- ------- -------- Net-turnover 299,000 +238,150 Number of deals 295 +179 Number of participants 23 +2 Volume of unsatisfied offer* 59,820 +54,330 Volume of unsatisfied demand* 96,800 +76,720 Best demand on KASE at closing 124.99 +0.14 Best offer on KASE at closing 125.00 +0.11 ---------------------------------------------------- ------- -------- Best demand at 11:00 out of stock exchange (REUTERS) 124.99 +0.34 Best offer at 11:00 out of stock exchange (REUTERS) 125.03 +0.33 ----------------------------------------------------------------------- * 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 of ------------ level th. USD deals from to ------ ------- --------- ----- ----- 125.90 200 1 10:18 10:18 125.50 300 2 10:17 10:18 125.49 20 1 10:18 10:18 125.40 500 1 10:18 10:18 125.30 200 1 10:17 10:17 125.29 5 1 10:17 10:17 125.28 5 1 10:17 10:17 125.27 5 1 10:17 10:17 125.20 60 3 10:15 10:20 125.10 200 1 10:22 10:22 125.05 200 1 10:22 10:22 125.03 1,000 1 10:25 10:25 125.02 24,965 21 10:24 10:34 125.01 29,090 21 10:24 10:54 125.00 452,610 192 10:22 10:59 124.99 18,200 17 10:26 10:48 124.98 37,970 28 10:22 10:47 124.20 5 1 10:15 10:15 ------ ------- --------- ----- ----- TOTAL 565,535 295 10:15 10:59 ---------------------------------------- Session had showed objectively high potential of American currency to further strengthening. It is enough to note that camp of net-buyers of USD today was represented by 18 banks, and camp of net-sellers by only 3. Degree of monopolization of supply was very high, while head bank of the country had to compensate the deficit of dollar on the exchange floor. Almost all deals were conducted at 125.00. Such high interest to American currency the analysts of IRBIS still are explaining by action of two factors: escalation of crisis of mortgage in USA and planned change of rates of reserving for Kazakhstan banks. News of the last days had showed that first factor touches the conjuncture of world money markets more and more, negatively influence on their liquidity. Banks do not want to part with dollar and are reducing the crediting. Given circumstance had lead yesterday to sudden increase of LIBOR dollar rates of all terms. And it is directly able to influence on Kazakhstan banks, servicing the syndicated loans in USD, rate of which is connected to LIBOR. Till the end of day on our market dollar hardly will raise in price upper than 125.00, because National Bank will actively work for evening-out the changes of rate of American currency in this direction. Should note also be expected the deep jump downward from level of resistance, because strong positions of dollar are fixed by enough fundamental factors. By results of technical analysis it can be said that positions of American currency on market of Kazakhstan are strong. At the day trades of KASE at 12:44 p.m. dollar was quoted at 125.00/125.01, the last deal was made at 125.00. On the over-the-counter the dollar was quoted at the pointed time at 124.99/125.03. [2007-08-10]