U.S. dollar market of Kazakhstan: day results

/IRBIS, Apr.4, 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 141.93(-0.07) Not indicated - - Volume of the session(mln) 2.950(+2.340) 0.600 0 0 Ask 141.90 141.92 141.85 141.90 Bid 141.92 141.96 142.05 - Number of participants 17 5 3 3 -------------------------- -------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) -------------------------- -------------- -------------- ---------- ----------- Ask 141.86 141.92 141.96 Bid 141.91 141.96 142.01 ------------------------------------------------------------------------------- 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 6 points in comparison with previous day closing on demand and 1 point on supply of the American currency. Today currency market did not differ much from previous days in terms of its activity. Prices and quotations of the dollar, as they did yesterday, were in line with the quotations of interbank "overnight" tenge deposits, which implies that the conjuncture of the USD price on the market is dependent on short term liquidity of the banks. Beginning decrease in the price of the U.S. dollar in the main session of KASE matched the maximum price of short money. As their cost fell, dollar was firming, which became apparent in the day session of the Exchange already. The most vivid growth in the exchange rate of the dollar was observed on interbank market in the second half of the day, when USD quotations quickly jumped to closing levels of the main session of KASE and by the evening (apparently, on forward terms) slightly exceeded them. Trades in forward deals at KASE, as during the last two days, were less indicative. Sluggish quotations did not show any explicit trends. IRBIS specialists came to a conclusion that on Wednesday firming of the dollar against tenge by 10 points is quite possible in the main session of KASE.