U.S. dollar market of Kazakhstan: day results

/IRBIS, Natalya Vaguina, Vitaliy Tomskiy, December 10, 08/ - Following is the table of major indicators of Kazakhstan market of U.S. dollar, on day results. The rate is given in tenge per dollar, volume - th. USD. Trends are shown relative to corresponding figures of previous trading day. Results of trades on Kazakhstan stock exchange (KASE) ----------------------------------------------------------------------- Instrument USD TOD USD TOD USD TOM KASE's session Morning Day Evening Time 10:15-11:00 ALT 11:30-15:30 ALT 14:00-17:00 ALT --------------- --------------- ---------------- Indicator value trend value trend value trend ---------------------- ------- ------- ------- ------- ------- -------- Opening rate 120.50 +0.09 120.46 -0.04 120.47 0 ---------------------- ------- ------- ------- ------- ------- -------- Maximum rate 120.59 +0.13 120.48 -0.02 120.47 0 Volume on max. price 5 -6,195 1,600 -8,400 50,000 +49,000 ---------------------- ------- ------- ------- ------- ------- -------- Minimum rate 120.43 +0.02 120.44 0 120.44 -0.01 Volume on min. price 15 -990 2,000 -2,360 1,575 -685 ---------------------- ------- ------- ------- ------- ------- -------- Closing rate 120.45 -0.01 120.46 -0.03 120.45 0 Weight. aver. rate 120.46 +0.02 120.46 0 120.45 -0.01 Session volume (gross) 126,915 +75,585 139,915 -59,925 332,475 +329,215 Session net-turnover 108,350 +62,495 115,535 -15,760 56,430 +53,170 Number of deals 747 +188 1851 +190 1250 +1073 Number of participants 17 0 18 0 10 0 ---------------------- ------- ------- ------- ------- ------- -------- Day gross-turnover* 266,830 +15,660 332,475 +329,215 Day net-turnover* 222,880 +59,890 332,475 +53,170 ---------------------- ------- ------- ------- ------- ------- -------- Best bid** 120.45 0 120.45 -0.02 120.45 0 Best ask** 120.46 0 120.46 -0.03 120.46 -0.02 ---------------------- ------- ------- ------- ------- ------- -------- REUTERS Bid** 120.46 +0.02 120.43 -0.03 120.45 -0.01 REUTERS Ask** 120.55 +0.08 120.60 +0.11 120.50 -0.20 ----------------------------------------------------------------------- * resulting net-position on each instrument **at closing of the session on KASE, out of stock exchange - by the data of REUTERS Table of price levels of trade in US dollar on KASE on TOD terms ------------------------------------------------------------ TOTAL BY RESULTS OF DAY: Morning Day ------------------------- session: session: time (ALT): Price ------------- ------------- ----------- level volume deals volume deals volume deals from to ------ ------- ----- ------- ----- ------- ----- ----- ----- 120.59 5 1 0 0 5 1 10:16 10:16 120.50 2,190 138 0 0 2,190 138 10:15 10:24 120.49 19,435 76 0 0 19,435 76 10:18 10:25 120.48 3,600 10 1,600 320 5,200 330 10:18 14:02 120.47 1,000 1 5,735 385 6,735 386 10:25 15:20 120.46 87,370 155 102,920 404 190,290 559 10:25 15:30 120.45 8,720 331 27,660 733 36,380 1064 10:25 15:25 120.44 4,580 32 2,000 9 6,580 41 10:25 14:47 120.43 15 3 0 0 15 3 10:26 10:26 ------ ------- ----- ------- ----- ------- ----- ----- ----- TOTAL 126,915 747 139,915 1851 266,830 2598 10:15 15:30 ------------------------------------------------------------ Parameters of unsatisfied demand and supply of second tier banks in KASE' trade system for the last 5 days (total of valid bids by the time of morning and day trades closing, th. USD) ------------------------------------------------------------------ Indicator Dec. 3, 08 Dec. 4, 08 Dec. 5, 08 Dec. 9, 08 Dec. 10, 08 ---------- ---------- ---------- ---------- ---------- ----------- Ask 69,830 58,090 15,150 10,490 35,215 Bid 91,215 55,100 36,080 61,565 22,650 ---------- ---------- ---------- ---------- ---------- ----------- Difference +21,385 -2,990 +20,930 +51,075 -12,565 ------------------------------------------------------------------ KASE day session saw insignificant appreciating of KZT/USD on the growth of supply on the side of commercial banks. Today American currency shows downward tendency relative to main currencies on the world markets (EUR/USD pair is trade at $1.2825) on increasing pressure on the side of negative macroeconomic statistics and probable positive decision of the USA Congress on automobile industry of the country. Analysts of Citi last week disseminated its forecast on KZT/USD dynamic. Experts see the aim for USD/KZT pair in next 6 months at KZT126.4 per $1, based at sharp decreasing of payment balance on oil falling. In our opinion, there will be no significant fall of tenge next year owing to regulation factor support and inflation targeting policy. At the same time, in case of further deterioration of situation on foreign commodity markets and capital markets, devaluation of KZT looks probable. [2008-12-10]