U.S. dollar market of Kazakhstan: day results

/IRBIS, Apr.19, 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 142.08 (-0.14) Not indicated - - Volume of session (mln) 12.005 (+11.540) 1.350 0 0 Bid 142.10 142.09 - - Offer 142.11 - - - Number of participants 19 9 0 0 ------------------------ ---------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) ------------------------ --------------- ------------- ----------- ----------- Bid 141.95 142.04 142.07 Offer 142.06 142.12 142.15 ------------------------------------------------------------------------------- Notes: Best bid and offer prices at closing of the trades are shown as the Exchange quotations. The day results do not allow making the certain forecasts. The further tendencies ambiguity is obvious. Interrogation of the dealers confirms it. The objective market indicators did not revealed today any expressed tendencies in dollar rate dynamics, and the conducted interrogation did not cleared the reasons of today's dollar sales by banks. The dealers said that in the previous week the tendency of tenge strengthening was caused y the big dollar offer from the banks' clients. Nowadays offer has decreased and further dollar rate decreasing is possible. The market is unstable and the dealers prefer to work with other financial tools. The results of the day results analysis allow suspecting, with an equal probability, small dollar rise or decreasing on the tomorrow's KASE basic session.