Morning (main) USD trades at KASE on July 3

/IRBIS, Natalya Vagina, Vitaliy Tomskiy, July 3, 08/ - Regular morning USD TOD trades were held on Kazakhstan Stock Exchange (KASE). The main parameters of the trade and the comparison with corresponding indicators of the previous morning session are given below. Table of trade results (tenge per dollar. th. dollars) --------------------------------------------------------------------- Indicator Value Trend ---------------------------------------------------- ------- -------- Rate of the first deal 120.52 -0.08 Maximum rate 120.62 -0.02 Volume at maximum price 200 -800 Minimum rate 120.50 -0.05 Volume at minimum price 99000 -7,505 Rate of the last deal 120.58 -0.02 ---------------------------------------------------- ------- -------- Weighted average rate 120.56 -0.02 Volume of the session 605,400 +346,660 ---------------------------------------------------- ------- -------- Net-turnover 369,950 +193,870 Number of deals 131 -845 Number of participants 19 0 Volume of unsatisfied offer* 31,850 +19,850 Volume of unsatisfied demand* 99,200 -20,110 Best demand on KASE at closing 120.56 -0.03 Best offer on KASE at closing 120.58 -0.02 ---------------------------------------------------- ------- -------- Best demand at 11:00 out of stock exchange (REUTERS) 120.55 -0.04 Best offer at 11:00 out of stock exchange (REUTERS) 120.59 -0.01 --------------------------------------------------------------------- * 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 ------ ------- --------- ----- ----- 120.62 200 1 10:42 10:42 120.61 18,300 10 10:23 10:43 120.60 37,100 32 10:23 10:43 120.59 211,700 9 10:17 10:44 120.58 5,550 4 10:44 10:59 120.57 55,300 21 10:45 10:59 120.56 72,750 36 10:19 10:55 120.55 104,500 14 10:19 10:56 120.52 1,000 1 10:15 10:15 120.50 99,000 3 10:15 10:15 ------ ------- --------- ----- ----- TOTAL 605,400 131 10:15 10:59 ------------------------------------ Today trade volumes have increased significantly on the KASE morning session. Ask on American currency remains high, however tenge is appreciating on rather strict regulating influence. According to our preliminary forecast, USD/KZT rate will fix lower 120.50, but closer to 120.40 nearest days. Kazakhstan bank debt maturity schedule considerably influences the market. Huge payments on foreign loans provoke high ask on American currency, contributing to an upward tendency of USD/KZT pair, which is restrained by a damping position of the National Bank. According to our forecast, in medium term prospect dollar rate will continue to fluctuate within the current price range (119.90 - 121.00) that formed at the beginning of 2008.This range is likely to be the best for to restrain inflation setting new records (20 % APR in June) and supporting GDP growth (according to forecast about 5 %). The dollar was quoted at 120.56/57 at the KASE day session at 12:11 p.m.; the first deal was concluded at 120.56. The dollar was quoted at 120.55/58 on over-the-counter. [2008-07-03]