Volume of transactions in February of 2000 in foreign currencies at KASE reached equivalent of USD127.6 mln

/IRBIS, March 2, 00/ - In February 2000 in foreign currency trade sector of Kazakhstan stock exchange (KASE) trades were held in U.S. dollars (TOD, TOM, SPOT terms), Deutsche marks (TOD, TOM terms) and euros (TOD, TOM). Three session were held daily: the morning (main - TOD), day (additional - TOD) and evening (TOM, SPOT). Total of 1,506 deals were made in a month, including: - in U.S dollars on the main and additional sessions with TOD terms - 1,377, with TOM terms - 112, with SPOT - 5; - in Deutsche mark with TOD terms - 4; - in eurocurrency with TOD terms - 8. Total volume of the operations reached an equivalent of KZT17,852.4, or 127,607.7 th. U.S. dollars. U.S. dollar accounted for 99.8% of Exchange's total turnover. Volume of transactions in U.S. dollars (hereafter corresponding figures for previous month are given in parentheses) reached $127,370.0 th. ($84,120.0 th.) for KZT17,819.1 mln (KZT11,697.9 mln), including: - on main and additional sessions with TOD terms - $109,930.0 th. for an amount of KZT15,376.9 mln with average volume of the trade session $5.234.8 th.; - on main (due to the holiday in the USA) and evening sessions with TOM terms - $15,240.0 th. for an amount of KZT2,134.7 mln with average volume of the trade session $752.7 th.; - on evening session with SPOT terms - $2,200.0 th. for an amount of KZT307.5 mln with average volume of the trade session $104.8 th. In February of 1999 total volume of operations in U.S. dollars at KASE did not exceed $16,105.0 th. for an amount of KZT1,380.4 mln. Tenge devaluation rate, calculated at weighted average rate of the main session of the Exchange towards the dollar, is estimated in February 2000 (January 31,00 = 139.3835 - February 29,00 = 140.4352) by a trend of 9.5% APR. Last month average devaluation rate of tenge towards the dollar was 9.6% APR. Weighted average rate of U.S. dollar against tenge, calculated by the deals of the main session of February - 139.87 tenge per unit. For January of 2000 - 139.06 tenge per dollar. For Deutsche marks volume of transactions did not exceed 55 th. (95 th.) marks for an amount of KZT3.9 mln (KZT6.9 mln). Tenge devaluation rate towards the mark, calculated at weighted average rate of the Exchange, is estimated in February, 2000 (January 31,00 = 71.5000 - February 29,00 = 70.7800) by a trend of 7.4% APR. Last month tenge revalued against mark at an average of 11.8% APR. Weighted average rate of Deutsche mark towards tenge, calculated by all February deals - 70.77 tenge per mark. For January - 72.15. For euros volume of transactions in February reached 210 th. euros for an amount of KZT29.4 mln. In January no deals were made in euros. Tenge revaluation rate towards euro, calculated at weighted average rate of the Exchange, is estimated in February, 2000 (January 31,00 = 139.7000 - February 29,00 = 139.1500) by a trend of 2.4% APR.