U.S. dollar market of Kazakhstan: day results

/IRBIS, Vitaliy Tomskiy, March 17, 08/ - Following is the table of major indicators of Kazakhstan market of U.S. dollar, on day results. The rate is given in tenge per dollar, volume - th. USD. Trends are shown relative to corresponding figures of previous trading day. Results of trades on Kazakhstan stock exchange (KASE) -------------------------------------------------------------------------- Instrument USD TOD USD TOD USD TOM KASE's session Morning Day Evening Time 10:15-11:00 11:30 2:00-5:00 p.m. a.m. ALT a.m.-3:30 p.m. 2:00-5:00 p.m. --------------- ---------------- --------------- Indicator value trend value trend value trend ---------------------- ------ ------- ------- ------- ------ ------- Opening rate 120.80 +0.50 120.70 +0.18 120.69 +0.16 ---------------------- ------ ------- ------- ------- ------ ------- Maximum rate 120.80 +0.25 120.71 +0.01 120.70 +0.03 Volume on max. price 5 0 4,000 +3,300 4,000 +3,000 ---------------------- ------ ------- ------- ------- ------ ------- Minimum rate 120.50 +0.20 120.66 +0.14 120.66 +0.13 Volume on min. price 5 0 1,200 -370 300 -10,200 ---------------------- ------ ------- ------- ------- ------ ------- Closing rate 120.67 +0.15 120.68 +0.03 120.68 +0.01 Weight. aver. rate 120.68 +0.20 120.69 +0.11 120.68 +0.13 Session volume (gross) 52,065 -64,300 113,200 +23,380 54,600 +37,600 Session net-turnover 47,550 -55,995 94,100 +5,780 54,600 +38,100 Number of deals 68 -30 74 +46 21 +16 Number of participants 18 -2 21 0 11 +3 ---------------------- ------ ------- ------- ------- ------ ------- Day gross-turnover* 165,265 -40,920 54,600 +37,600 Day net-turnover* 105,200 -66,365 54,600 +38,100 ---------------------- ------ ------- ------- ------- ------ ------- Best bid** 120.67 +0.16 120.67 +0.02 120.68 0 Best ask** 120.68 +0.15 120.68 -0.02 120.69 -0.01 ---------------------- ------ ------- ------- ------- ------ ------- REUTERS Bid** 120.68 +0.21 120.64 +0.02 120.66 +0.04 REUTERS Ask** 120.71 +0.21 120.70 -0.01 120.71 +0.01 -------------------------------------------------------------------------- * resulting net-position on each instrument ** at closing of the session on KASE, out of stock exchange - by the data of REUTERS Table of price levels of trade in US dollar on KASE on TOD terms ------------------------------------------------------------------- TOTAL BY DAY RESULTS: Morning Day ---------------------------- session: session: time (ALT): Price ------------- -------------- ------------ level volume deals volume deals volume deals from to ------ ------ ----- ------- ----- ------- ----- ----- ----- 120.80 5 1 0 0 5 1 10:15 10:15 120.71 0 0 4,000 5 4,000 5 14:18 14:21 120.70 8,600 14 41,500 23 50,100 37 10:34 14:30 120.69 10,300 11 24,500 6 34,800 17 10:32 14:33 120.68 22,500 25 19,700 30 42,200 55 10:26 15:29 120.67 7,150 8 22,300 8 29,450 16 10:29 15:22 120.66 0 0 1,200 2 1,200 2 14:51 14:51 120.65 1,505 4 0 0 1,505 4 10:17 10:22 120.63 500 1 0 0 500 1 10:20 10:20 120.62 1,500 3 0 0 1,500 3 10:18 10:18 120.50 5 1 0 0 5 1 10:15 10:15 ------ ------ ----- ------- ----- ------- ----- ----- ----- TOTAL 52,065 68 113,200 74 165,265 142 10:15 15:29 ------------------------------------------------------------------- Parameters of unsatisfied demand and supply of second tier banks in KASE' trade system for the last 5 days (total of valid bids by the time of morning and day trades closing, th. USD) ------------------------------------------------------- Indicator March March March March March 11, 12, 13, 14, 17, 08 08 08 08 08 ---------- ------- ------- ------- ------- ------- Ask 10,500 45,380 41,400 9,900 32,500 Bid 32,980 21,810 18,100 42,400 15,155 ---------- ------- ------- ------- ------- ------- Difference +22,480 -23,570 -23,300 +32,500 -17,345 ------------------------------------------------------- The rate of U.S. dollar relative to tenge remained sufficiently stable, which was repeatedly proved by trades on KASE. The rate's fluctuations have been insignificant today and passed within the conserved price range KZT120.50 - 120.80. At the same time, dollar keeps its sharp falling on the global markets. Today, after the announcement on the special meeting of US FRS about decreased in the primary credit rate by 0.25%, the American currency devaluated relative to euro almost by 1% to the new historical minimum at 1.58 dollar/euro. Devaluation of dollar passes against the background of the extremely significant volumes of sales of the American currency. The local market reacts weakly on this situation. In our opinion, the main factor, influencing the dollar rate on the local market this week will be conduction of tax payments in the state budget. During this period, usually, offer of dollar grows in the conductions of lack of tenge liquidity. However, we forecast conservation of current price range to the end of week, taking into consideration the rates on money market and the results of technical analysis. [2008-03-17]