Morning (main) USD trades at KASE on July 4

/IRBIS, Vitaliy Tomskiy, July 4, 08/ - Regular morning USD trades on TOM terms were held on Kazakhstan Stock Exchange (KASE) due to the holiday in the USA. The main parameters of the trade and the comparison with corresponding indicators of the previous morning session are given below, on which dollar was traded on TOD terms. Table of trade results (tenge per dollar. th. dollars) ----------------------------------------------------------------------- Indicator Value Trend ---------------------------------------------------- ------- -------- Rate of the first deal 120.55 +0.03 Maximum rate 120.55 -0.07 Volume at maximum price 51335 +51,135 Minimum rate 120.52 +0.02 Volume at minimum price 75 -98,925 Rate of the last deal 120.54 -0.04 ---------------------------------------------------- ------- -------- Weighted average rate 120.54 -0.02 Volume of the session 207,850 -397,550 ---------------------------------------------------- ------- -------- Net-turnover 101,335 -268,615 Number of deals 524 +393 Number of participants 15 -4 Volume of unsatisfied offer* 11,900 -27,650 Volume of unsatisfied demand* 52,645 -59,155 Best demand on KASE at closing 120.54 -0.02 Best offer on KASE at closing 120.55 -0.03 ---------------------------------------------------- ------- -------- Best demand at 11:00 out of stock exchange (REUTERS) 120.53 -0.02 Best offer at 11:00 out of stock exchange (REUTERS) 120.58 -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 ------ ------- --------- ----- ----- 120.55 51,335 222 10:16 10:34 120.54 93,455 210 10:19 10:59 120.53 62,985 77 10:20 10:54 120.52 75 15 10:37 10:37 ------ ------- --------- ----- ----- TOTAL 207,850 524 10:16 10:59 ---------------------------------------- Today dollar continued to be traded with downward dynamics; however the market strived to exceed KZT120.50 per $1. Both the day session and the beginning of the next week are likely to trade within this range. Yesterday, ECB first since 2007 increased the key rate (an analog of a refinancing rate in Kazakhstan) by 25 b.p to 4.25 % on inflation growth in Eurozone from 3.6 % in May to 4.0 % in June and 15 % oil prices growth for this period (prices set new highs again - $145 a barrel). However, markets reacted with euro falling more than 200 p. (before the ECB meeting - EUR1.5910). ECB Chairman Trishe comments affected the market. Absence of further stiffening signals this year forced thoughts on absence of the distinct action plan. From one hand, rate increase shows that struggling inflation is still the main objective, on the other hand - it is an evidence of sliding economical growth. At this background, ECB policy is likely to have a balanced character without manifest signaling to the market. The dollar was quoted at 120.53/58 at the KASE unified session at 11:55 a.m.; no deals were concluded. The dollar was quoted at 120.52/54 on over- the-counter. [2008-07-04]