U.S. dollar market of Kazakhstan: day results

/IRBIS, Apr 24, 01/ - Following is the table of major indicators of Kazakhstan market for U.S. dollar (more than 98% of country's all currency market). Trends are shown relative to the figures of previous day. ----------------------------------------------------------------------------- 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) 145.49(-0.01) 145.49(-0.02) - - Volume of session (mln) 6.865(-0.045) 0.230(-0.475) 0 0 Bid 145.49(-0.01) 145.48(-0.02) - - Ask 145.50(-0.01) 145.50(-0.02) - - Number of participants 17 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 145.48(+0.02) 145.48(+0.01) 145.49(+0.04) Ask 145.54(+0.03) 145.52( 0) 145.52(+0.02) ----------------------------------------------------------------------------- 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 currency market was demonstrating a pure balance. No factors, capable of disturbing its balance, were not observed during the day. Even the inclination of the dollar towards the growth at the morning trades, which was provoked by the sellers of the American currency thanks to the support of the country's head bank, practically had no impact on the behaviors of the currency traders further on. In the afternoon, the dollar has stabilized at the Exchange at KZT145.49 -145.50 without the support of the National Bank. Special feature of the day is the growth of the liquidity in terms of tenge on the market. At the KASE the money was raised for one day at 2.96% APR on average. This is a low level, which indicates the sufficiency of free tenge in corresponded accounts of the BST. The borrowing volumes also fall steadily. The liquidity of the banks was supported by the repayments of the notes (for at least KZT790.5 mln). It growth under the sales of dollars to the National Bank. The latter, in his turn, did not change the official rate of the dollar since Monday, though it is still well above the market value. Such a behavior of the country's head bank can be considered its confidence of impossibility of a significant "subsidence" of the dollar till the holidays. The market is saturated with money, and the funds like the coupon payments of MEOKAM, NSB (about KZT100 mln), and MEKKAM repayments for KZT554.6 mln will be received by the BST till the end of the week. The amounts are not big, though under current liquidity they are enough. Based on these, as well as by taking into account the closing parameters of the market, IRBIS analysts expect a slight growth of the American currency at the KASE on Wednesday.