U.S. dollar market of Kazakhstan: day results

/IRBIS, Feb.15, 00/ - Following is the table of major indicators of Kazakhstani market for U.S. dollar (more than 98% of country's all currency market). ---------------------------------------------------------------------------- US dollar trades at the Kazakhstan stock exchange (KASE) ----------------------- ------------- ------------- ----------- ----------- Instrument USD TOD USD TOD USD TOM USD SPOT Session Main Additional. Evening Evening Time of trades (ALM) 10:15-11:00 11:30-15:30 14:00-18:00 14:00-18:00 Average weighted rate 139.85(-0.06) Not indicated - - Volume of session (mln) 4.590(+2.580) 0.280 0 0 Demand price 139.84 139.82 139.82 - Supply price 139.85 139.86 139.89 - ----------------------- ------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) ----------------------- ------------- -------------- ---------- ----------- Demand price 139.81 139.82 139.83 Supply price 139.86 139.87 139.88 ---------------------------------------------------------------------------- Notes: Best bid and ask prices at closing of the trades are shown as the Exchange quotations. By indicative interbank quotations of the dollar in REUTERS information system, tenge lost 3 points in comparison with previous day closing on both demand and supply of the American currency. Interbank market was characterized by a rare stability of the quotations. Dollar began to grow a little only by the closing of the day, which is hardly believed to be a trend. Afternoon quotations and prices of the Exchange also indicate explicit stability of the market. In such conditions dealers preferred not to make deals on TOM and SPOT terms. Quotations of the American currency with forward delivery terms were sluggish today. In general, the conjuncture of the currency market of the country do not change noticeably. Slightly decreased short term liquidity of the banks, based on an increase in overnight rates up to 5/11 APR by the mid of the day, was practically restored completely till normal working levels by the evening. The results of the day indicate that tenge has an approximately equal chances both to firm and lose some points tomorrow. However, IRBIS analysts are more inclined towards the firming, considering high volume ($7.9 mln) of satisfied bids on today's offering of MEKAVM-12 and offerings of notes-49 and MEKKAM-3 during the week - very popular instruments among the banks.