U.S. dollar market of Kazakhstan: day results

/IRBIS, May 12, 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 142.54 (0) Not indicated - - Volume of session (mln) 4.850 (+1.675) 0.825 0 0 Bid 142.52 142.55 - - Offer 142.53 142.58 - - Number of participants 22 11 0 0 ------------------------ --------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) ------------------------ --------------- ------------- ----------- ----------- Bid 142.52 NA 142.53 Offer 142.57 NA 142.57 ------------------------------------------------------------------------------- Notes: Best bid and offer prices at closing of the trades are shown as the Exchange quotations. Due to technical problems the afternoon quotations of the U.S. dollar on interbank market are not given. By indicative interbank quotations of the dollar in REUTERS information system, tenge gained 2 points in comparison with previous day closing both on demand and on supply of the American currency. Today, based on the behaviors of the market indicators, it can be said that currency circulation sector was more stable than it was yesterday. USD quotations did not register any apparent firming of the dollar during the whole day and they remained at about the same level as the prices of the deals at the Exchange. As this sector of the market got balanced, the interests of the banks in the dollar as the instrument of getting a profit is quickly falling. It was clearly demonstrated by the results of SS offering auctions today, where the issuers satisfied most of submitted demand that reached KZT1.8 bln as a whole for two offerings. Based on the results of the analysis of the market, IRBIS specialists believe that at the beginning of the next week tenge will have more chances to regain the points lost during previous few days than to lose them. And the dynamics of the exchange rate will be minimal.