U.S. dollar market of Kazakhstan: day results
06.04.00 00:00
/IRBIS, Apr.6, 00/ - Following is the table of major indicators of
Kazakhstani market for U.S. dollar (more than 98% of country's all currency
market). Trades in U.S. dollars at Kazakhstan stock exchange (KASE)
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US dollar trades at the Kazakhstan stock exchange (KASE)
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Instrument USD TOD USD TOD USD TOM USD SPOT
Session Main Additional. Evening Evening
Time of the trades (ALM) 10:15-11:00 11:30-15:30 14:00-18:00 14:00-18:00
Weighted average rate 142.19 (+0.21) Not indicated - -
Volume of session (mln) 9.335 (+6.720) 4.000 0 0
Ask 142.19 142.32 142.26 142.30
Bid 142.20 142.34 - -
Number of participants 18 7 2 2
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Indicative US dollar quotations in the interbank market in the information
system REUTERS at KASE sessions closing (disregarding settlement dates)
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Ask 142.17 142.31 142.28
Bid 142.22 142.38 142.35
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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 23 points in comparison with previous day closing on
demand and 23 points on supply of the American currency.
Today's exchange market was the most active in the current week. According
to the dealers (REUTERS interrogation), already since second half of
Tuesday there is redundant tenge liquidity. Today dealers, knowing about
forthcoming SS redemption, have augmented volume of demand. The active US
dollar trade was observed not only on the main, but also on the additional
session, on which trades volume has reached a record level of 4 million
dollars.
The evening exchange session at the forward accounts was not so active.
Demand predominated; its price was above average weighted rate of the
morning session. This fact, on the one hand, shown desire of the banks to
buy dollar, on the other it testified, that the quotations were too high to
do it. Most probable, dollar will grow at approximately the same speed at
the main session KASE on Friday. At that the higher trades volume is not
excluded, as the SS emitters has not manage to sterilize banks''
correspondent accounts by two placements. Though, by the National Bank
behavior, it more interested in the gradual tenge devaluation.