U.S. dollar market of Kazakhstan: day results

/IRBIS, Vitaliy Tomskiy, July 9 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 ALT 11:30-15:30 ALT 14:00-17:00 ALT ---------------- ---------------- --------------- Indicator value trend value trend value trend ---------------------- ------- ------- ------- ------- ------ ------- Opening rate 120.44 -0.11 120.38 -0.09 120.39 -0.08 ---------------------- ------- ------- ------- ------- ------ ------- Maximum rate 120.44 -0.11 120.42 -0.09 120.39 -0.10 Volume on max. price 1,000 -28,295 300 -700 39,000 +29,500 ---------------------- ------- ------- ------- ------- ------ ------- Minimum rate 120.38 -0.07 120.38 -0.09 120.30 -0.14 Volume on min. price 124,335 +30,435 15,000 -73,300 1,000 -7,000 ---------------------- ------- ------- ------- ------- ------ ------- Closing rate 120.39 -0.08 120.42 -0.07 120.35 -0.13 Weight. aver. rate 120.38 -0.10 120.39 -0.08 120.39 -0.08 Session volume (gross) 169,620 -63,690 88,800 -13,350 40,905 +6,705 Session net-turnover 134,525 -20,560 74,000 -11,100 39,500 +21,500 Number of deals 648 +392 48 +8 88 +5 Number of participants 20 -1 23 +1 9 -2 ---------------------- ------- ------- ------- ------- ------ ------- Day gross-turnover* 258,420 -77,040 40,905 +6,705 Day net-turnover* 164,140 -51,145 40,905 +21,500 ---------------------- ------- ------- ------- ------- ------ ------- Best bid** 120.39 -0.08 120.39 -0.11 - - Best ask** 120.40 -0.08 120.42 -0.11 120.35 -0.14 ---------------------- ------- ------- ------- ------- ------ ------- REUTERS Bid** 120.35 -0.06 120.39 -0.11 120.28 -0.19 REUTERS Ask** 120.39 -0.06 120.40 -0.18 120.30 -0.19 --------------------------------------------------------------------------- * 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 RESULTS OF DAY: Morning Day ---------------------------- session: session: time (ALT): Price -------------- ------------- ------------ level volume deals volume deals volume deals from to ------ ------- ----- ------ ----- ------- ----- ----- ----- 120.44 1,000 1 0 0 1,000 1 10:19 10:19 120.43 2,000 1 0 0 2,000 1 10:19 10:19 120.42 0 0 300 1 300 1 15:29 15:29 120.40 1,000 1 19,600 19 20,600 20 10:19 15:26 120.39 41,285 191 53,900 6 95,185 197 10:20 14:51 120.38 124,335 454 15,000 22 139,335 476 10:19 14:04 ------ ------- ----- ------ ----- ------- ----- ----- ----- TOTAL 169,620 648 88,800 48 258,420 696 10:19 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 July 2, 08 July 3, 08 July 4, 08 July 8, 08 July 9, 08 ---------- ---------- ---------- ---------- ---------- ---------- Ask 17,700 39,550 12,900 30,600 9,500 Bid 126,010 111,800 52,645 37,400 78,565 ---------- ---------- ---------- ---------- ---------- ---------- Difference +108,310 +72,250 +39,745 +6,800 +69,065 ---------------------------------------------------------------------- Day session brought no significant changes to USD/KZT pair movement relative to KASE morning market. Dollar continued to be traded within narrow range at supporting level 120.40. At that, ask on separate participants side remained high. Note that tenge appreciating is passing on regulative influence. At that, dollar is fundamentally upward. In the first half year, commercial banks` foreign debt major payments contributed to dollars deficit forming on the market at the beginning of July, which was highly leveled by highly monopolized bid. Some depreciating of USD/KZT looks adequate measure for liquidity support on the market and insignificant decreasing of inflation pressure. At the same time, we don't change forecast on trades' price range for USD in medium term prospect - KZT119.90 - 121.00 per unit. [2008-07-09]