/IRBIS, Ekaterina Tatarova, Vitaliy Tomskiy, January 21, 09/ - Today regular morning USD trades were held on Kazakhstan Stock Exchange (KASE) on T+0 (USD_TOD) terms. 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)

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Indicator                                              Value   Trend
---------------------------------------------------- ------- -------
Rate of first deal                                    121.30   -0.06
Maximum rate                                          121.34   -0.02
Volume at maximum price                                2,000    +500
Minimum rate                                          121.30   +0.01
Volume at minimum price                               58,000 +20,800
Rate of last deal                                     121.32   -0.03
---------------------------------------------------- ------- -------
Weighted average rate                                 121.31   +0.01
Volume of session                                    260,250 +16,070
---------------------------------------------------- ------- -------
Net-turnover                                         223,900 +51,820
Number of deals                                          118     +17
Number of participants                                    19      -1
Volume of unsatisfied offer*                          16,000 +10,500
Volume of unsatisfied demand*                         36,000 +16,700
Best demand on KASE at closing                        121.31       0
Best offer on KASE at closing                         121.32   -0.05
---------------------------------------------------- ------- -------
Best demand at 11:00 out of stock exchange (REUTERS)  121.32   +0.02
Best offer at 11:00 out of stock exchange (REUTERS)   121.35   +0.02
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*Volume of corresponding active bids of STB in the trading system at closing of
 trades

Trade prices

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                          Time.(ALT)
Price  Volume. Number of -----------
level  th. USD     deals  from    to
------ ------- --------- ----- -----
121.34   2,000         1 10:23 10:23
121.33  29,350        20 10:23 10:45
121.32 118,200        57 10:20 10:59
121.31  52,700        12 10:20 10:59
121.30  58,000        28 10:17 10:20
------ ------- --------- ----- -----
TOTAL  260,250       118 10:17 10:59
------------------------------------

Today domestic currency market situation remained unchanged. Most trade participants go on opening long positions on USD, estimating tenge perspective as being weak.

At the same time only sharp lack of tenge liquidity can explain the gradual upward dynamic of USD. Yesterday one-day repo rates again grew up to 13.7 % APR and KazPrime indicator renewed its historical maximum, making 12.50 % APR. Meanwhile, in our opinion, one of the main sources of liquidity for market participants is still repo transactions. Yesterday volume of borrowing through these transactions grew to KZT67.4 bn. with regulating body significant share.

The dollar was quoted at 121.31/121.34 at the KASE day session at 12:10 p.m.; no deals were concluded. The dollar was quoted at 121.32/121.35 on over-the-counter.

[2009-01-21]