U.S. dollar market of Kazakhstan: day results
24.05.00 00:00
/IRBIS, May 24, 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 142.38 (+0.05) Not indicated - -
Volume of session (mln) 4.325 (-3.025) 0.700 0 0
Bid 142.36 142.35 - *142.40
Offer 142.37 142.36 - -
Number of participants 17 11 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 142.33 142.32 142.35
Offer 142.38 142.38 142.41
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Notes: Best bid and offer prices at closing of the trades are shown as the Exchange
quotations. If such prices are absent in trade system of KASE, the last quotations, marked by a
star, are given (in this case, for USD_SPOT at 5:43 PM).
By indicative interbank quotations of the dollar in REUTERS information
system, tenge lost 5 points on demand and - 8 points on supply of the
American currency in comparison with previous day closing
There were no any fundamental changes on the dollar market. Insufficient
fluctuations of tenge rate are observed. The limited tenge liquidity and
significant supply of the US dollar by commercial banks were the main
reasons for tenge strengthening at the beginning of current week. Today, the
prices and quotations of a dollar show complete stabilization of the market.
Some strengthening of a dollar happened at midday. However, dollar again
lost its pace at the closing of main session of KASE.
During the day, the quotations of shortest money have registered a growth.
At the closing of the market, quotation was 6/11% APR. The tenge deficit is
still felt and this affected today's floatation of NBK notes. It is expected that
money prices will normalize tomorrow that is related with forthcoming
redemption of a domestic debt.
The indicators' behavior allows to presume that main KASE trades at
Thursday will be marked by slight tenge weakening and dollar demand
growth.