Morning (main) USD trades at KASE on September 15

/IRBIS, Vitaliy Tomskiy, September 15, 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 119.40 -0.15 Maximum rate 119.56 +0.01 Volume at maximum price 8,500 +8,400 Minimum rate 119.40 -0.05 Volume at minimum price 5 -11,095 Rate of the last deal 119.44 -0.07 ---------------------------------------------------- ------ ------- Weighted average rate 119.49 +0.01 Volume of the session 80,600 +21,600 ---------------------------------------------------- ------ ------- Net-turnover 44,400 +1,710 Number of deals 112 +32 Number of participants 17 -1 Volume of unsatisfied offer* 12,000 -2,100 Volume of unsatisfied demand* 7,800 -5,600 Best demand on KASE at closing 119.44 -0.07 Best offer on KASE at closing 119.45 -0.07 ---------------------------------------------------- ------ ------- Best demand at 11:00 out of stock exchange (REUTERS) 119.43 -0.07 Best offer at 11:00 out of stock exchange (REUTERS) 119.46 -0.07 ------------------------------------------------------------------- * 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 ------ ------- --------- ----- ----- 119.56 8,500 10 10:25 10:26 119.55 7,200 12 10:23 10:27 119.54 14,400 5 10:23 10:27 119.53 3,000 3 10:23 10:28 119.52 1,300 3 10:23 10:28 119.51 1,000 1 10:28 10:28 119.50 3,195 4 10:21 10:28 119.49 1,100 2 10:20 10:29 119.48 2,200 3 10:28 10:29 119.47 1,200 4 10:29 10:30 119.46 1,300 3 10:30 10:30 119.45 24,800 32 10:30 10:51 119.44 8,900 23 10:31 10:54 119.43 2,500 6 10:40 10:43 119.40 5 1 10:15 10:15 ------ ------- --------- ----- ----- TOTAL 80,600 112 10:15 10:54 ------------------------------------ KASE morning session wasn't characterized by active positional trades with downward dynamic. This week the period of tax payments will influence much internal currency market. Today is the last day on social allocations and on next Monday - on other mandatory budget payments, the major of which are VAT payments, royalty and corporate income tax. We expect downward continuation of USD/KZT rate and insignificant rates` growth on monetary market. On Friday, commercial banks short-term liquidity borrowing volume on repo market exceeded KZT5.3 bn. (+KZT300 m. relative to Thursday); overnight repo rates also grew to 2.43 % APR. On Friday trades USD/EUR decreased to $1.4200, while the aim was $1.4225 when traders grew expectations on FRS to decrease discount rates by the end of current year. Meanwhile, announced bankruptcy of USA major investments bank Lehman Brothers Holdings Inc. will likely to be the strong support for upward correction of EUR/USD. And announcement on major retail Bank of America Corp purchase of third major investment bank of USA Merrill Lynch & Co also negatively influenced financial sector and dollar's positions. The dollar was quoted at 119.42/119.44 at the KASE day session at 12:02 p.m.; last deal was concluded at 119.42. The dollar was quoted at 119.46/119.53 on over-the-counter. [2008-09-15]