U.S. dollar market of Kazakhstan: day results

/IRBIS, Oct 12, 00/ - Following is the table of major indicators of Kazakhstan market for U.S. dollar (more than 98% of country's all currency market). -------------------------------------------------------------------------------- Trades in U.S. dollars at Kazakhstan stock exchange (KASE) -------------------------------------------------------------------------------- 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 142.56(-0.05) Not shown - - Volume of session (mln) 11.480(+8.580) 1.000(-0.450) 0 0 Bid 142.58 142.69 - - Offer 142.63 142.72 - - Number of participants 17 9 0 0 ----------------------- -------------- ------------- ----------- ----------- Indicative U.S. dollar quotations on interbank over-the-counter market in information system REUTERS at closing of KASE sessions (disregarding settlement dates) -------------------------------------------------------------------------------- Bid 142.53 142.68 142.64 Offer 142.58 142.72 142.68 -------------------------------------------------------------------------------- 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 lost 8 points on demand and 7 points on supply of the American currency in comparison with previous day closing. Decrease of weighted average rate of the dollar on the morning session was the single fact of tenge strengthening. After main session, dollar started gaining points and reached KZT142.69 at the closing of additional session. At the same time, dollar growth was supported by traders as each next deal was made with higher price. The same situation developed on the off-exchange market. This sector was most dynamic few hours after closing of morning KASE session. At the evening dollar quotations dropped reacting on funds outflow to finance MEKKAM-6. According to the IRBIS experts, banks' behaviour was affected by folowing factors: large volumes of clients buying orders (on the morning KASe session), MEKKAM-6 issue #135 and notes-494 issue #27 repayments and KZT2 bln that will go to banks accounts. Moreover, the closing of KASE main session could psychologically affect traders. Thanks to this impact, tenge started to fall after lunch. Judging from short-money quotations NBK can not create tenge deficit on the market. At KASE repo-sector, real rates of one day money borrowing were lower than yesterday - 3.03% against 3.68%. Positions of market indicators allow to confirm that Friday dollar could continue to grow. Dollar would regain several points.