U.S. dollar market of Kazakhstan: day results

/IRBIS, Vitaliy Tomskiy, July 15 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 120.15 -0.10 120.07 -0.12 120.07 -0.13 ---------------------- ------- -------- ------- -------- ------ -------- Maximum rate 120.15 -0.11 120.07 -0.16 120.08 -0.18 Volume on max. price 500 +400 2,350 +1,550 500 -59,500 ---------------------- ------- -------- ------- -------- ------ -------- Minimum rate 120.05 -0.13 120.04 -0.14 120.07 -0.13 Volume on min. price 45,500 +45,200 2,200 -900 1,000 -72,000 ---------------------- ------- -------- ------- -------- ------ -------- Closing rate 120.06 -0.14 120.05 -0.15 120.08 -0.15 Weight. aver. rate 120.06 -0.14 120.06 -0.14 120.07 -0.15 Session volume (gross) 199,325 -250,430 82,570 -112,630 1,500 -193,500 Session net-turnover 72,600 -258,525 71,700 -92,400 1,500 -73,500 Number of deals 651 +235 82 +4 3 -15 Number of participants 20 +2 18 -4 5 -4 ---------------------- ------- -------- ------- -------- ------ -------- Day gross-turnover* 281,895 -363,060 1,500 -193,500 Day net-turnover* 100,280 -274,585 1,500 -73,500 ---------------------- ------- -------- ------- -------- ------ -------- Best bid** 120.05 -0.15 120.05 -0.14 120.05 -0.15 Best ask** 120.06 -0.15 120.07 -0.14 - - ---------------------- ------- -------- ------- -------- ------ -------- REUTERS Bid** 120.06 -0.14 120.05 -0.14 120.04 -0.15 REUTERS Ask** 120.09 -0.15 120.09 -0.14 120.08 -0.13 ------------------------------------------------------------------------------ * 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 ------ ------- ----- ------ ----- ------- ----- ----- ----- 120.15 500 1 0 0 500 1 10:15 10:15 120.07 84,735 387 2,350 8 87,085 395 10:16 15:25 120.06 68,590 251 60,880 47 129,470 298 10:16 15:26 120.05 45,500 12 17,140 24 62,640 36 10:15 15:29 120.04 0 0 2,200 3 2,200 3 13:46 13:59 ------ ------- ----- ------ ----- ------- ----- ----- ----- ИТОГО 199,325 651 82,570 82 281,895 733 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 July 9, 08 July 10, 08 July 11, 08 July 14, 08 July 15, 08 ---------- ---------- ----------- ----------- ----------- ----------- Ask 9,500 34,690 26,590 47,645 36,875 Bid 78,565 23,015 148,755 48,020 30,700 ---------- ---------- ----------- ----------- ----------- ----------- Difference +69,065 -11,675 +122,165 +375 -6,175 -------------------------------------------------------------------------- Today USD/KZT rate sharply decreased to KZT120.00 per $1. At that, the dynamic of rate decreasing was during the whole trade day. According to IRBIS specialists, the beginning of tax week is one of the main factors, contributing to the current trend. Major payments on VAT and corporate income tax for June and second quarter of current year is expected. Insignificant deficit of short-term tenge liquidity is also presented at increasing dynamic of "overnight" repo rates (5%). At the same time, according to recent data, positive balance of external trade turnover of the country in January-May 2008 grew to $14.43 bn., what also supports national currency in ling-term prospect. While retaining high current prices on main exported Kazakhstan goods such as energy resources, the possibility of tenge appreciation looks higher. According to our preliminary forecast, USD rate in Kazakhstan by the end of the year may reach KZT110- 115 per unit. However, necessity in STB huge foreign debt payments in current year (in the second half of year payments reach its highs in August and December - in total about $2 bn.) will badly restrain tenge appreciation. [2008-07-15]