U.S. dollar market of Kazakhstan: day results

/IRBIS, March 27, 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 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 141.88(+0.16) Not indicated - - Volume of the session(mln) 4.825(-3.510) 0.550 0 0 Ask 141.87 - 141.85 141.90 Bid 141.89 - - - Number of participants 20 6 2 2 -------------------------- -------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) -------------------------- -------------- -------------- ---------- ----------- Ask 141.86 141.87 141.86 Bid 141.89 141.90 141.91 ------------------------------------------------------------------------------- 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 16 points in comparison with previous day closing on demand and 11 points on supply of the American currency. Influenced by the official dollar rate growth the exchange's dollar rate increased at the morning session. The day session appeared as less active, despite of unusual plenty of the deals (11). Some dealers attempted to increase market more, but the average weighted dollar rate of the day trade was identical to the morning's. The forward trades were non productive because nobody can determine today the Tuesday's and Wednesday's dollar price. The balance was observed and in the interbank market. The indicative dollar quotations did not show any tendencies. The market remained practically invariable at a level of 141.86/90 tenges per dollar before working day ending. By evening the small overnight quotations growth to 9/15 p.a. was fixed, however by 7PM they have decreased again. Most likely, the business conditions an the Exchange on Tuesday will be developed during the session and the dealers will correct the deals proceeding from a current situation. In opinion of the IRBIS analysts, tenge has more chances to lose some posts rather than to become stronger. But in any case, variation dynamics should be minimum.