U.S. dollar market of Kazakhstan: day results

/IRBIS, March 10, 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) ----------------------- ------------- ------------- ----------- ----------- Toll USD TOM USD TOM 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 141.37(+0.12) Not indicated 141.45 141.38 Volume of session (mln) 2.485(-3.855) 0.795 0.400 0.300 Demand price 141.35 141.35 141.32 141.35 Supply price 141.36 141.37 - - Number of participants 20 7 6 6 ----------------------- ------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) ----------------------- ------------- -------------- ---------- ----------- Demand price 141.34 141.35 141.42 Supply price 141.37 141.37 141.47 ---------------------------------------------------------------------------- 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 20 points in comparison with previous day closing both on demand and on supply of the American currency. Today afternoon Exchange trades did not distinguish themselves from the others either by their special activity or by significant dynamics of the U.S. dollar quotations. Price of the American currency on TOD terms remained a little below the weighted average of the main session of the Exchange. In the evening session traders were interested in making deals on all settlement terms. However, prices of concluded deals were not consistent and logical. On interbank market, based on indicative quotations, the situation went developed in somewhat different direction. In the second half of the day a vivid trend of firming USD formed both on demand and supply. The next placement of the National Bank notes helped to outflow the tenge from currency sector. However, the amount raised was relatively insignificant (KZT574.5 mln) and it could not compensate for the repayment amount of SS that totaled KZT1,220.8 mln for two auctions today. Participants attempted to reinvest remaining money into MEKKAM-6, but the emitter considered the terms offered by the dealers and their clients too tough. The issue was cancelled. In general, the market has a disposition for further firming of the dollar, which is confirmed by the results of the dealers' poll conducted by REUTERS today in the afternoon. Consequently, it is sound to assume that the exchange rate of the dollar will continue to climb in next trades of coming week. Movements of the market indicators are not against this.