For initial 8 months of 2008 volume of foreign exchange transactions on KASE totals $60,659.8 m. and increases 2.44 % in dollar equivalent

/IRBIS, Vitaliy Tomskiy, September 2, 08/ - For initial 8 months of 2008, the volume of foreign exchange transactions concluded on the Kazakhstan Stock Exchange (KASE) reached $60,659.8 m. and increased relatively to the corresponding period last year by $1,444.4 m. or by 2.44 % in dollar equivalent. In tenge equivalent the turnover increased by 0.08 %. The table specifies the volumes of foreign exchange transactions on KASE in 2008 grouped by months and types of currencies and comparable to the data of 2007. ------------------------------------------------------------------------------ Total volume of trades, th. units Volume of ------------------------------- Volume, equivalent, Month USD EUR RUB m. KZT th. USD ------------------ ---------- ---------- ------- ----------- ------------ January 4,653,115 1,500 18,500 560,407.1 4,656,082.1 February 5,619,210 0 53,600 676,612.5 5,621,401.5 March 6,129,440 500 67,400 740,015.8 6,133,053.6 April 8,139,700 1,500 40,500 981,197.3 8,143,792.9 May 5,872,765 0 33,800 708,335.3 5,874,194.3 June 8,350,500 1,810 31,200 1,008,554.0 8,354,627.2 July 9,478,160 1,545 77,100 1,141,287.8 9,483,908.4 August 12,388,870 1,010 56,000 1,486,177.3 12,392,701.3 ------------------ ---------- ---------- ------- ----------- ------------ TOTAL 60,631,760 7,865 378,100 7,302,587.1 60,659,761.4 ------------------ ---------- ---------- ------- ----------- ------------ January-Aug., 2007 59,204,170 500 272,600 7,279,098.9 59,215,395.4 Trend, % +2.41 15.73times +38.70 +0.08 +2.44 ------------------------------------------------------------------------------ Weighted average market rate of tenge to U.S. dollar calculated by IRBIS over all deals of the main (morning) session of KASE for the period from August 1, 08 till August 29, 08, according to IRBIS estimation equaled to KZT119.96 per dollar, over all stock exchange's deals - KZT119.92 per dollar. Speed of tenge devaluation to dollar by stock exchange rate is estimated in the current year at 1.08 % APR as of August 29, 2008. For initial eighth months the level of tenge devaluation to dollar in nominal expression made 0.63 %. In 2007 tenge strengthened to dollar by 5.28 % in nominal terms. [2008-09-02]