U.S. dollar market of Kazakhstan: day results

/IRBIS, Vitaliy Tomskiy, August 14 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 120.07 -0.04 120.18 +0.10 120.16 +0.09 ---------------------- ------- ------- ------- -------- ------- ------ Maximum rate 120.18 +0.07 120.18 +0.09 120.17 +0.07 Volume on max. price 10,000 +9,800 100 -1,900 6,500 +5,600 ---------------------- ------- ------- ------- -------- ------- ------ Minimum rate 120.07 +0.05 120.10 +0.05 120.07 +0.02 Volume on min. price 3,100 +985 5,400 +4,000 2,000 -8,000 ---------------------- ------- ------- ------- -------- ------- ------ Closing rate 120.18 +0.13 120.12 +0.03 120.14 +0.04 Weight. aver. rate 120.15 +0.10 120.14 +0.07 120.15 +0.08 Session volume (gross) 184,625 +42,975 275,905 +227,705 58,000 -2,900 Session net-turnover 146,965 +66,575 149,500 +103,800 42,000 +1,100 Number of deals 99 -860 277 +260 10 +3 Number of participants 21 +1 21 +2 10 +2 ---------------------- ------- ------- ------- -------- ------- ------ Day gross-turnover* 460,530 +270,680 58,000 -2,900 Day net-turnover* 129,105 +3,515 58,000 +1,100 ---------------------- ------- ------- ------- -------- ------- ------ Best bid** 120.18 +0.13 120.12 +0.05 120.14 +0.06 Best ask** 120.20 +0.14 120.13 +0.04 120.18 +0.08 ---------------------- ------- ------- ------- -------- ------- ------ REUTERS Bid** 120.08 +0.05 120.11 +0.06 120.09 +0.05 REUTERS Ask** 120.16 +0.09 120.18 +0.09 120.16 +0.09 ---------------------------------------------------------------------------- * 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 ------ ------- ----- ------- ----- ------- ----- ----- ----- 120.18 10,000 3 100 1 10,100 4 10:59 11:57 120.17 11,000 5 100 1 11,100 6 10:48 11:59 120.16 111,600 14 900 1 112,500 15 10:48 12:21 120.15 15,150 9 173,700 204 188,850 213 10:46 14:29 120.14 4,000 7 43,205 12 47,205 19 10:45 14:37 120.13 0 0 2,500 5 2,500 5 14:37 14:39 120.12 1,000 1 27,900 43 28,900 44 10:35 15:26 120.11 19,875 52 22,100 5 41,975 57 10:19 15:06 120.10 900 1 5,400 5 6,300 6 10:19 14:41 120.09 5,000 2 0 0 5,000 2 10:17 10:17 120.08 3,000 1 0 0 3,000 1 10:17 10:17 120.07 3,100 4 0 0 3,100 4 10:16 10:18 ------ ------- ----- ------- ----- ------- ----- ----- ----- TOTAL 184,625 99 275,905 277 460,530 376 10:16 15:26 ------------------------------------------------------------------- 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 August 8, 08 August 11, 08 August 12, 08 August 13, 08 August 14, 08 --------- ------------ ------------- ------------- ------------- ------------- Ask 29,300 26,200 26,335 22,100 18,300 Bid 69,700 64,300 54,250 20,260 196,970 --------- ------------ ------------- ------------- ------------- ------------- Difference +40,400 +38,100 +27,915 -1,840 +178,670 ------------------------------------------------------------------------------ Positional trades characterized today's market. At that, judging by data of Tab.3 demand on American currency increased significantly. Dollar continued appreciating relative to world currencies on negative data on GDP level in eurozone. Economy of eurozone countries reduced in the Q2 by 0.2 % compared to Q1 since introduction of single European currency 10 years ago. Euro appreciation and economy recession affected export form Europe as well as maximum inflation level reduced internal purchasing capacity. We expect growth of USD/KZT rate volatility within the frames of horizontal channel 120.00 - 120.50. At that, first tax payments for July and advance payments in August are expected next week, what may exert pressure on American dollar on local market. Judging by overnight repo rates, which grew today to 4.2 % APR, there are some problems with short-term tenge liquidity on the market. [2008-08-14]