U.S. dollar market of Kazakhstan: day results

/IRBIS, July 24, 00/ - Following is the table of major indicators of Kazakhstan 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 142.68 (-0.05) Not indicated - - Volume of the session,mln 7.980 (+2.220) 1.070 0 0 Bid 142.67 142.65 - - Offer 142.69 142.68 - - Number of participants 15 8 0 0 ------------------------ --------------- ------------- ----------- ----------- Indicative US dollar quotations in the interbank market in the information system REUTERS at KASE sessions closing (disregarding settlement dates) ------------------------ --------------- ------------- ----------- ----------- Bid 142.61 142.62 142.65 Offer 142.66 142.67 142.69 ------------------------------------------------------------------------------- Notes: Best bid and offer prices at closing of the trades are shown as the Exchange quotations. By indicative interbank quotations of the US dollar in REUTERS information system, tenge gained 3 point on demand, and 5 points on supply of the American currency in comparison with previous day closing. Today, the most part of the day was marked by minimal fluctuations of the dollar rate. The market experienced some lack of tenge liquidity so the banks were selling dollars to maintain it. The auction for MEKKAM-3 also added some tensions. These bills are of a high demand on the market and today floatation was not an exception. Demand reached KZT2.5 bln. The payments for securities will be conducted on Wednesday. Despite this, the floatation already affected conditions of the dollar market. The market indicators do not show any signs of quick reversal of the market situation. The next trade will be most likely marked by tenge strengthening. The supply of the dollar will exceed its demand up to the mid week at the least.