U.S. dollar market of Kazakhstan: day results

/IRBIS, May 4, 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 142.03 (0) Not indicated - - Volume of session (mln) 7.370 (+4.150) 0.475 0 0 Bid 142.03 142.03 - - Offer 142.04 142.04 - - Number of participants 17 8 0 0 ------------------------ --------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) ------------------------ --------------- ------------- ----------- ----------- Bid 141.98 142.01 142.02 Offer 142.02 142.05 142.05 ------------------------------------------------------------------------------- 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 lost 2 points in comparison with previous day closing on demand and 1 point on supply of the American currency. Today the currency market did not give any surprises. The balance between the demand and supply of the dollars is still maintained. Dynamics of the quotations and the prices remain at minimal levels. Despite this calmness, a slight inclination of the American currency towards firming was registered today, which was observed both at additional trades of the Exchange and on interbank market. However, it is difficult to consider this trend explicit. Dollar does not attract the investors as an instrument to be used to get a profit. Very high demand for SS, created today at initial offerings of MEKKAM-6 and notes of the National Bank, confirms it. However, the issuers of SS did satisfy only half of the demand. Remaining money remain unclaimed, though they do not put a pressure on the exchange rate of the tenge against the dollar. Dealers are looking for the alternatives, and probably (as some participants believe), accumulating funds to purchase a new issue of euronotes. IRBIS analysts do not exclude the possibility of a minimal firming of the dollar at the trades on Friday. However, considering the general conjuncture of the market, the exchange rate may well remain unchanged.