U.S. dollar market of Kazakhstan: day results

/IRBIS, March 16, 00/ - Following is the table of major indicators of Kazakhstani market for U.S. dollar (more than 98% of the whole currency market). ------------------------------------------------------------------------------- US dollar trades at the Kazakhstan stock exchange (KASE) --------------------------- ------------- ------------- ----------- ----------- Instrument 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 Weighted average rate 141.48(+0.10) Not indicated - - Volume of the session (mln) 6.095(+3.425) 0.100 0 0 Ask 141.49 141.48 141.45 141.50 Bid 141.51 - - - Number of participants 17 5 2 2 --------------------------- ------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) --------------------------- ------------- -------------- ---------- ----------- Ask 141.47 141.53 141.51 Bid 141.51 141.58 141.58 ------------------------------------------------------------------------------- Notes: Best bid and ask prices at closing of the trades are shown as the Exchange quotations. By the indicative interbank quotations of the dollar in REUTERS information system, tenge in comparison with previous day closing lost 11 point on demand and 10 point on supply of the American currency. The dollar rate raising by 10 points on main morning session has influenced all other exchange trades. Despite of the dealers' passivity at the additional trades, after noon dollar quotation remained above morning session parameters. The interbank market events followed the same script. The high level of dollar quotations was observed till market closing. There were no expressed tendencies. The dealers behavior testified that they support dollar increase after some market stabilization in the beginning of the week. Now the banks' purchasing capacity is restoring, though rates of the overnight interbank tenge deposits quotations still high - 9/15-16% p.a. Thus, market behavior allows to assume the further dollar strengthening on the main KASE trades on Friday. But considering two State Securities auctions the high growth rate of dollar is hardly probable.