Morning (main) USD trades at KASE on November 10

/IRBIS, Natalya Vaguina, Vitaliy Tomskiy, November 10, 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. Trade results (tenge per dollar, in th. dollars) ------------------------------------------------------------------- Indicator Value Trend ---------------------------------------------------- ------ ------- Rate of first deal 119.50 0 Maximum rate 119.92 +0.03 Volume at maximum price 900 +820 Minimum rate 119.50 0 Volume at minimum price 5 0 Rate of last deal 119.92 +0.03 ---------------------------------------------------- ------ ------- Weighted average rate 119.90 +0.03 Volume of session 34,145 +16,595 ---------------------------------------------------- ------ ------- Net-turnover 31,160 +17,110 Number of deals 176 +141 Number of participants 16 +1 Volume of unsatisfied offer* 5,920 -4,005 Volume of unsatisfied demand* 43,855 +29,155 Best demand on KASE at closing 119.91 +0.04 Best offer on KASE at closing 119.92 +0.03 ---------------------------------------------------- ------ ------- Best demand at 11:00 out of stock exchange (REUTERS) 119.89 +0.03 Best offer at 11:00 out of stock exchange (REUTERS) 119.97 +0.08 ------------------------------------------------------------------- * Volume of corresponding active bids of STB in the trading system at closing of trades Trade prices ------------------------------------ Time.(ALT) Price Volume. Number of ----------- level th. USD deals from to ------ ------- --------- ----- ----- 119.92 900 5 10:55 10:56 119.91 5,500 5 10:48 10:53 119.90 25,695 152 10:16 10:48 119.89 2,040 12 10:17 10:19 119.88 5 1 10:17 10:17 119.50 5 1 10:15 10:15 ------ ------- --------- ----- ----- TOTAL 34,145 176 10:15 10:56 ------------------------------------ Today trades on KASE morning session were inactive. At the same time, uncertain growth dynamic of USD/KZT rate continued, notwithstanding regulation factor influence. Demand on American currency is still growing following primary commodities falling prices and narrowing state funding base. Today the Fitch rating agency downgraded Kazakhstan from BBB to BBB-. "Notwithstanding strong government financial balance admitting its investment grade status, Kazakhstan is a net creditor with a little foreign debt. Kazakhstan` ability to cope with domestic banking crisis was weakened by the world financial crisis and primary commodities falling prices, the press release notes. Deterioration on the world financial markets as well as Kazakhstan main export commodities falling prices led to pessimistic moods on further dynamic of USD/KZT rate. At the same time, we should note that sharp falling of KZT rate in long-term prospect on considerable volume of gold reserves and inflation targeting policy is unjustified. The dollar was quoted at 119.95/119.95 at the KASE day session at 13:01 p.m.; the last deal was concluded at 119.97. The dollar was quoted at 119.93/119.96 on over-the-counter. [2008-11-10]