Morning (main) USD trades at KASE on October 21

/IRBIS, Vitaliy Tomskiy, October 21, 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 119.50 0 Maximum rate 119.78 -0.06 Volume at maximum price 5 -995 Minimum rate 119.50 0 Volume at minimum price 5 0 Rate of the last deal 119.77 +0.03 ---------------------------------------------------- ------ -------- Weighted average rate 119.76 0 Volume of the session 54,005 -161,095 ---------------------------------------------------- ------ -------- Net-turnover 32,925 -106,180 Number of deals 475 +228 Number of participants 18 -1 Volume of unsatisfied offer* 24,875 -5,325 Volume of unsatisfied demand* 62,725 +60,025 Best demand on KASE at closing 119.76 +0.02 Best offer on KASE at closing 119.77 +0.01 ---------------------------------------------------- ------ -------- Best demand at 11:00 out of stock exchange (REUTERS) 119.73 -0.02 Best offer at 11:00 out of stock exchange (REUTERS) 119.76 -0.02 ---------------------------------------------------------------------- *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 ------ ------- --------- ----- ----- 119.78 5 1 10:53 10:53 119.77 17,200 53 10:21 10:59 119.76 30,855 403 10:16 10:53 119.75 5,940 17 10:23 10:28 119.50 5 1 10:15 10:15 ------ ------- --------- ----- ----- TOTAL 54,005 475 10:15 10:59 ---------------------------------------- Today KASE morning session trade volume has significantly decreased on unchanged weighted average rate and regulation influence strong support. As said before, energy resources falling prices pressure tenge even stronger as well as speculative component, with banks aiming to hold long positions on dollar on its appreciation on foreign market. On this background, considering quarterly tax payments, we expect banks to have some problems with tege liquidity already testing the market (yesterday overnight repo rate grew to 6.57 % APR, KazPrime indicator rose 48 basis points to 7.48 % APR). At the same time insignificant tenge devaluation might look logical in this situation, however, it may arouse growth of speculative moods. The dollar was quoted at 119.79/119.81 at the KASE day session at 13:00 p.m.; the last deal was concluded at 119.80. The dollar was quoted at 119.75/119.78 on over-the-counter. [2008-10-21]