U.S. dollar market of Kazakhstan: day results

/IRBIS, Apr.11, 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 TOD USD TOD 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 142.52 (-0.19) Not indicated - - Volume of session (mln) 6.550 (+2.655) 4.340 0 0 Ask 142.51 142.42 - - Bid 142.52 142.46 - - Number of participants 19 8 0 0 -------------------------- -------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) -------------------------- -------------- ------------- ----------- ----------- Ask 142.46 142.42 142.38 Bid 142.53 142.47 142.46 ------------------------------------------------------------------------------- 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 increased by 20 points in comparison with previous day closing on demand and by 22 points on supply of the American currency. In comparison with the previous day the Kazakhstan dollar market remained stable. Determining is the big dollars offer from the bank of the second tier (most likely - the exporters proceeds). The dollar demand remains high, however volume of the offer is obviously higher. In these conditions it is difficult to speculate for the rise, as the buyers do not make a compromise. Thus, tenge has increased both on basic and on additional KASE sessions. Speculative behavior of the dealers has increased. The indicative quotations of the off-exchange market completely corresponded to the current market's mood. The off-exchange dollar rate after the fall during the first hours after Exchange morning trades closure has somewhat increased by the midday, however by the evening has started to decline again. The overnight rates remain low. There are impression that on the next morning trades on Wednesday the dollar can decrease for some points. Considering a sufficient level of liquidity of the banks of the second level, it is possible to assume that volume of dollar offering will be one of the major factors capable to determine the dollar rate changes.