U.S. dollar market of Kazakhstan: day results
05.05.00 00:00
/IRBIS, May 5, 00/ - Following is the table of major indicators of Kazakhstani
market for U.S. dollar (more than 98% of country's all currency market).
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US dollar trades at the Kazakhstan stock exchange (KASE)
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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 142.06 (+0.03) Not indicated - -
Volume of session (mln) 8.505 (+1.135) 0.500 0 0
Bid 142.08 142.16 142.05 -
Offer 142.09 142.21 - -
Number of participants 17 6 1 1
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Indicative US dollar quotations in the interbank market in the information
system REUTERS at KASE sessions closing (disregarding settlement dates)
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Bid 142.01 142.15 142.15
Offer 142.09 142.23 142.20
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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 13 points in comparison with previous day closing on
demand and 15 points on supply of the American currency.
Today the market got more active relative to previous days of the week. At
the morning session of KASE it received a quite strong impulse that affected
the rest of the day. Firming of the dollar took place with ever increasing rate
both at additional trades of KASE and interbank market. Based on the
vividness of the trend, upward game was a success and was supported by
corresponding demand.
Taking into account the behaviors of the market indicators, and the fact that
there are three days, when financial markets of the country will be closed, it
can be assumed that demand for the U.S. dollar would be great on Saturday.
It is likely that the banks will try to stretch their currency positions on
the eve of the holidays.
Placement of the notes of the National bank tomorrow may draw part of the
money of the banks and have a stabilizing effect on the market. It is not a
coincidence that the decision on conducting the offering was made by the
issuer today.
In the opinion of IRBIS analysts, growth in the exchange rate of the dollar
within 10-15 points at the morning session of KASE on Saturday seems quite
real.