U.S. dollar market of Kazakhstan: day results

/IRBIS, Apr.26, 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 142.00 (-0.08) Not indicated - - Volume of session (mln) 13.850 (+8.185) 0.900 0 0 Bid 142.02 141.98 - - Offer 142.03 142.02 142.00 - Number of participants 16 8 1 1 ------------------------ --------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) ------------------------ --------------- ------------- ----------- ----------- Bid 141.97 141.95 141.96 Offer 142.02 142.00 142.00 ------------------------------------------------------------------------------- Notes: Best bid and offer prices at closing of the trades are shown as the Exchange quotations. By indicative interbank quotations of the dollar in REUTERS information system, tenge gained 4 points in comparison with previous day closing on demand and 10 points on supply of the American currency. No principal changes in the conjuncture of Kazakhstani market for the U.S. dollar were observed today. Active sales of dollars by the banks of the second tier (BST) in the morning session means that the banks were short of tenge today. It is also confirmed by a high turnover of repo deals at KASE, a symbolic turnover in purchase and sale sector of SS at the Exchange, as well as relatively low demand for the notes of the National Bank at today's placement. In this situation supply of dollars was prevailing in all segments of the market, and that was the reason for the tenge to grow further. Only at the very end of the day interbank indicative quotations of the American currency showed a weak attempt of the dealers to raise the market. IRBIS analysts agree that on Thursday there will be no essential changes. It is more likely that tenge will firm further. Though, the depreciation rate of the dollar will remain on the level attained today.