Morning (main) USD trades at KASE on December 10

/IRBIS, Ekaterina Tatarova, Vitaliy Tomskiy, December 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 120.50 +0.09 Maximum rate 120.59 +0.13 Volume at maximum price 5 -6,195 Minimum rate 120.43 +0.02 Volume at minimum price 15 -990 Rate of last deal 120.45 -0.01 ---------------------------------------------------- ------- ------- Weighted average rate 120.46 +0.02 Volume of session 126,915 +75,585 ---------------------------------------------------- ------- ------- Net-turnover 108,350 +62,495 Number of deals 747 +188 Number of participants 17 0 Volume of unsatisfied offer* 24,665 +17,510 Volume of unsatisfied demand* 13,730 -30,650 Best demand on KASE at closing 120.45 0 Best offer on KASE at closing 120.46 0 ---------------------------------------------------- ------- ------- Best demand at 11:00 out of stock exchange (REUTERS) 120.46 +0.02 Best offer at 11:00 out of stock exchange (REUTERS) 120.55 +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 ------ ------- --------- ----- ----- 120.59 5 1 10:16 10:16 120.50 2,190 138 10:15 10:24 120.49 19,435 76 10:18 10:25 120.48 3,600 10 10:18 10:25 120.47 1,000 1 10:25 10:25 120.46 87,370 155 10:25 10:59 120.45 8,720 331 10:25 11:00 120.44 4,580 32 10:25 10:27 120.43 15 3 10:26 10:26 ------ ------- --------- ----- ----- TOTAL 126,915 747 10:15 11:00 ------------------------------------ Today KASE main currency session saw continuation of USD/KZT gradual appreciating. At that the trade's price range was the same as that of the previous day, though there were attempts to test rather higher points of support level - 120.50. The growth of interest of STB in currency sale is presented on the market on forthcoming tax payments. Liquidity remains favorable. KazPrime indicator was fixed at 9.6 % APR, one-day repo rates fell to 5.32 %. Today the National Bank disseminated statistics data on gold reserves for November, 2008. As expected, the pressure on GR on continuing appreciating of USD on the world markets, increased significantly during the previous month. According to the head bank, the net gold reserves fell by 9.2 % (-4.2 % in October) to $19.1 bn. In our opinion, the news is negative for KZT/USD rate. The dollar was quoted at 120.43/120.45 at the KASE day session at 12:22 p.m.; the last deal was concluded at 120.46. The dollar was quoted at 120.46/120.54 on over-the-counter. [2008-12-10]