U.S. dollar market of Kazakhstan: day results

/IRBIS, May 2, 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 142.04 (+0.03) Not indicated - - Volume of session (mln) 3.410 (-1.180) 3.390 0 0 Bid 142.03 141.99 - - Offer 142.04 142.00 - - Number of participants 14 16 0 0 ------------------------ --------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) ------------------------ --------------- ------------- ----------- ----------- Bid 141.98 141.92 141.98 Offer 142.04 142.07 142.03 ------------------------------------------------------------------------------- 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 remained unchanged in comparison with previous day closing on demand and lost 1 point on supply of the American currency. Today the conjuncture of the currency market of the country practically did not differ from the conjuncture of the market on Friday. The balance between the demand and supply keeps to have a detrimental impact on current condition of the market, which can be characterized as balanced. Dynamics of dollar quotations and its prices both at the Exchange, and out are minimal. Some decrease in the price of the dollar in the middle of the day, registered at additional session of KASE and based on indicative interbank quotations, was practically fully compensated by a growth near the closing of the market. It should be noted that by the evening the quotations of interbank "overnight" deposits fell to the record low level lately - 0.5/4.5% APR. It is difficult to make a forecast even in the short run based on sluggish dynamics in the exchange rate, since possible changes in the value of the American currency are beyond the sensitivity of the analysis of the market indicators. Apparently, there will be no principal changes in currency sector tomorrow. Tenge has an equal chance of firming and losing some points against the dollar. The market is stable.