U.S. dollar market of Kazakhstan: day results

/IRBIS, Feb. 16, 00/ - In the table below main indicators of the Kazakhstan dollar market are stated (U.S. dollar occupies more than 98% of all exchange market). ---------------------------------------------------------------------------- US dollar trades at the Kazakhstan stock exchange (KASE) ----------------------- -------------- ------------- ----------- ----------- Toll 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 139.83(-0.02) Not indicated 139.75 - Volume of session (mln) 10.165(+5.575) 0 0.500 0 Demand price 139.82 139.79 139.70 - Supply price 139.83 139.83 139.82 *139.81 Number of participants 19 5 5 5 ----------------------- -------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) ----------------------- -------------- -------------- ---------- ----------- Demand price 139.75 139.79 139.73 Supply price 139.85 139.82 139.80 ---------------------------------------------------------------------------- Notes: As the market quotations the best demand and supply prices at the moment of trades closing are shown. In case of absence those in the KASE trade system the last quotations are shown, which are marked with an asterisk (in this table - at 17:00). By the indicative dollar quotations in the REUTERS information system, tenge in comparison with the previous day closing on dollar demand increased by 10 points and by 8 points - on supply. Today tenge increased against dollar in all market sectors. The morning session shown that a new short-term tendency in the dollar rate dynamics started on the exchange. Dollar demand from the banks of the second level was been replaced by the big dollar supply. At that some sell dollar to maintain the short-term liquidity in the eve of interesting State Securities auctions, other sell exporters' currency, third simply close the long positions at the tendency change. At the same time, the market continues to be equilibrium. All tendencies, most likely, are technical rate corrections stipulated by the traders' speculative activity. The dollar prices changes are insignificant and not connected with the economic situation in the country. In the IRBIS analysts' opinion, tenge will become stronger at least till Friday, when State Securities placements will be finished and the banks will begin to receive payments for the before purchased State Securities, including pre-term redemption of two MEKKAM-6 issues. The last is planned be the Ministry on February 17. Thus, on the Thursday's morning session the IRBIS experts predict strengthening of tenge by some next points.