U.S. dollar market of Kazakhstan: day results

/IRBIS, Apr.27, 00/ - Following is the table of major indicators of Kazakhstan's market for U.S. dollar (more than 98% of country's forex 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 142.03 (+0.03) Not indicated - - Volume of session (mln) 5.690 (-8.160) 0.400 0 0 Bid 142.03 142.03 *142.00 - Offer 142.04 142.08 - - Number of participants 18 10 1 1 ------------------------ --------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) ------------------------ --------------- ------------- ----------- ----------- Bid 142.00 142.00 142.01 Offer 142.06 142.07 142.06 ------------------------------------------------------------------------------- Notes: Best bid and offer prices at closing of the trades are shown as the Exchange quotations. The latest quotations are given in case of their absence and marked by a star (in our case: USD_TOM at 17:57 p.m.). By indicative interbank quotations of the dollar in REUTERS information system, tenge lost 5 points on demand and 6 points on supply of the American currency in comparison with previous day closing. Dollar market indicators were uncommonly calm today. Non of the segments registered any of remarkable tendencies. After substantial dominance of supply side, market took its equilibrium. It was mainly due to redemption of SS. The quotations of interbank overnight deposits decreased today evening to 1/4% APR. This is the lowest level of the week. Increased demand on USD caused by excessive tenge liquidity was the main reason for market equilibrium. According to opinion of IRBIS experts, dollar demand renewal will continue at Friday. However, two Friday SS placements with payments terms of the same day would seize all free funds of banks so that there will not be any significant trend for afternoon devaluation of tenge. Friday forecast of IRBIS: dollar gains some points at morning KASE session.