U.S. dollar market of Kazakhstan: day results

/IRBIS, Apr 9, 01/ - 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) 10:15a-11:00a 14:00a-3:30p 2:00p-6:00p 2:00p-6:00p Rate (KZT/USD) 145.69(-0.01) 145.68(-0.06) - - Volume of session (mln) 1.820(-0.320) 1.790(+1.690) 0 0 Bid 145.70(-0.01) 145.67(-0.07) - - Ask 145.71(-0.01) 145.68(-0.08) - - Number of participants 15 11 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 145.63(-0.07) 145.64(-0.09) 145.56(-0.08) Ask 145.69(-0.07) 145.67(-0.11) 145.62(-0.09) --------------------------------------------------------------------------------- Notes: weighted average rate is given for main session, for additional - closing rate; best ask and offer prices at closing of the trades are shown as the Exchange quotations; in case of their absence the last quotations (marked by a star) in the trades system are given. Today dollar demand was slightly lower than supply. The latter defined dynamics of dollar market for the rest of day. Slight increase of supply instantly created downward trend of dollar rate and otherwise. Most indicative developments happened on day session. As at morning session the dollar rate was supported by supply of a single bank. At morning, dollar was purchased by another bank. During the day, the market was balancing around the same price levels and fluctuated at both sides. At the same time, dollar rate tended for decrease. This trend was supported by indicative off-exchange quotations before the closing. Lag between average rate and weighted average rate of the morning session was 10 points. It looks like traders' behavior is gradually becoming affected by steady growth of money rates. Quotations of shortest money on the interbank grew up twice and reached 4% APR on demand. Real WA rate in the REPO sector increased by 4.40% APR, borrowing volume for REPO till 14 days to maturity reached KZT800.5 mln. At the same time, there is no tenge deficit on the market, as floatation of MEOKAM-24 registered 2.6 times excess of demand over supply. The yield for bonds fell to 10.0%. According IRBIS analysts, situation on the forex trades will not have any substantially changes on Tuesday. Dollar rate would likely lower at the moderate demand from banks.