U.S. dollar market of Kazakhstan: day results
06.10.00 00:00
/IRBIS, Oct 06, 00/ - Following is the table of major indicators of Kazakhstan
market for U.S. dollar (more than 98% of country's all currency market).
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Trades in U.S. dollars at 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 (AST) 10:15-11:00 11:30-15:30 14:00-18:00 14:00-18:00
Weighted average rate 142.50(+0.03) Not shown - -
Volume of session (mln) 2.930(+2.425) 1.350(+0.300) 0 0
Bid 142.50 142.54 - -
Offer 142.51 142.56 - -
Number of participants 19 11 0 0
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Indicative
U.S. dollar quotations on interbank over-the-counter market in information
system REUTERS at closing of KASE sessions (disregarding settlement dates)
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Bid 142.45 142.51 142.48
Offer 142.57 142.57 142.54
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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 US dollar in REUTERS information
system, tenge gained 1 point both on demand and on supply of the
American currency in comparison with previous day closing.
Morning session could not give basis for evaluation and forecast of future
developments. Whereas, additional trades gave some clues for current
situation. AT steady growth in of the USD during all session, traders
preferred to make sizeable deals at the maximal price on the closing.
However, on the interbank market indicative quotations slightly fell down at
the closing removing all reserve for dollar strengthening.
Auction for MEKKAM-3 displayed that dealers are still exposed to GS
market. The issuer received sizeable and soft demand. However, unwilling to
increase its debt, the issuer cut-off about KZT1.7 bln (two thirds of the
issue). Another KZT2.9 bln must have been repaid for previously issued
securities. Consequently, overnight deposits fell to 1/3% APR and the
repo-sector found low activity. Thus, the tenge liquidity of the banks is still
high despite sterilisation of KZT4.9 bln conducted by both NBK and MOF. The
possibility of appearance of the free funds of the Monday forex market is still
high.
Nevertheless, IRBIS experts do not tend to expect significant dollar growth
on Monday. Most likely, market will again demonstrate equilibrium, while
dollar will just tend to rise.