U.S. dollar market of Kazakhstan: day results

/IRBIS, Apr.5, 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 141.98(+0.05) Not indicated - - Volume of the session(mln) 2.615(-0.335) 1.500 0 0 Ask 142.00 142.06 142.05 - Bid 142.05 - - - Number of participants 19 9 3 3 -------------------------- -------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) -------------------------- -------------- -------------- ---------- ----------- Ask 141.96 142.04 142.05 Bid 142.03 142.12 142.13 ------------------------------------------------------------------------------- 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 9 points in comparison with previous day closing on demand and 14 points on supply of the American currency. During all day dollar at the Kazakhstani market gravitated to strengthening. In the first half of day there was some tenge deficiency and the banks could not realize their aiming to currency positions elongation. But on the day session the buyers were more tractable and dollar increased to 142.02 - 142.09 tenges for unit that was essentially higher than the main session parameters. Despite of the absence of the futures deals, TOM quotations, in opinion of the IRBIS experts, mirrored the devaluation expectations of the participants on the threshold of MEKKAM -3 and MEKAVM -6 Thursday's redemption. The forecast of IRBIS on Thursday: further dollar rate increase on the main session KASE at the highest speed.