Morning (main) USD trades at KASE on August 1

/IRBIS, Vitaliy Tomskiy, August 1, 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 120.20 +0.02 Maximum rate 120.21 +0.02 Volume at maximum price 4000 -24,555 Minimum rate 120.16 -0.02 Volume at minimum price 8005 -55,890 Rate of the last deal 120.17 -0.02 ---------------------------------------------------- ------- ------- Weighted average rate 120.17 -0.01 Volume of the session 183,910 +91,460 ---------------------------------------------------- ------- ------- Net-turnover 123,905 +50,355 Number of deals 369 +265 Number of participants 19 0 Volume of unsatisfied offer* 2,000 -18,650 Volume of unsatisfied demand* 18,900 -20,400 Best demand on KASE at closing 120.17 -0.01 Best offer on KASE at closing 120.18 -0.01 ---------------------------------------------------- ------- ------- Best demand at 11:00 out of stock exchange (REUTERS) 120.13 -0.04 Best offer at 11:00 out of stock exchange (REUTERS) 120.20 0 -------------------------------------------------------------------- * 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 ------ ------- --------- ----- ----- 120.21 4,000 2 10:20 10:20 120.20 15,000 8 10:19 10:20 120.19 2,300 3 10:20 10:21 120.18 21,000 14 10:21 10:25 120.17 133,605 337 10:21 10:58 120.16 8,005 5 10:36 10:47 ------ ------- --------- ----- ----- TOTAL 183,910 369 10:19 10:58 ------------------------------------ KASE morning session was characterized by majority of commercial banks growth demand on American currency. Judging by disposition of trades` participants the amount of dollars net-buyers exceeded net-sellers in 5 times. However, trade price range was stable and that of the previous day. One of the main reasons is significant rate of USD supply monopolization on regulating influence. Yesterday, USD rate was declining relative to world currencies. Falling against euro was minimal for 3 weeks (by 0.4% to $1.5660 per euro) after reports, which showed that American economy grew less than expected in Q2 and amount of initial applications on unemployment grew to 5 year maximum on last week. These data intensify anxieties on consumer spending reducing as employers reduce working places, trying to minimize expenditures on oil prices growth. At the same time, growth rate of consumer inflation in eurozone reached new record 4.1% in July, exceeding the limit of ECB price stability in two times. This new record will likely to force ECB to continue aggressive rhetoric relative to inflation after meeting of managing committee. On this background new maximums in EUR/USD pair are possible on next week. Today new data on inflation level in Kazakhstan in July was published. According to Statistic Agency, last month inflation made 0.9% compared to 1.2% in June. In annual expression it hasn't changed and made 20.0%, at that beginning 2008 it grew to 6.6%. The main contribution in growth, as was expected, fuel and foodstuff prices made. In our opinion, monetary activity of National Bank and regulator's activity on foreign currency market contributed to decreasing of inflation level last month. In July KZT/USD appreciated by 0.47% in nominal expression. At the same time, the rate became stable at 120.10, what, according to IRBIS analysts opinion, is optimal level for current economy growth retaining. The dollar was quoted at 120.16/18 at the KASE day session at 12:56 p.m.; the last deal was concluded at 120.17. The dollar was quoted at 120.13/20 on over-the-counter. [2008-08-01]