U.S. dollar market of Kazakhstan: day results

/IRBIS, Apr.13, 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 142.41 (-0.07) Not indicated - - Volume of session (mln) 4.705 (-6.075) 1.550 0 0 Bid 142.38 142.26 - - Offer 142.39 142.32 - - 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) -------------------------- -------------- ------------- ----------- ----------- Bid 142.30 142.27 142.30 Offer 142.37 142.34 142.35 ------------------------------------------------------------------------------- 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 11 points in comparison with previous day closing on demand and 15 points on supply of the American currency. Today the exchange market was stable. The dollar offering, which has been one of the major exchange factors within the previous days, continues affect a general situation in the currency circulation. Nevertheless, the banks do not forget about their currency positions and purchase part of the dollars sold by them at the same sessions. Successful notes placement held today by the National Bank promoted outflow of almost 2 billion tenges from the currency sector. At the receipting of money from the SS redemption so great notes demand testifies to unwillingness of the dealers to invest all money in the dollar, as its investment appeal has decreased last days considerably. Thus, and taking into account the quite probable receipt of the next portion of dollars on the Exchange, is necessary to expect dollar demand decrease on Friday. The probability of tenge strengthening by 10-15 points is high.