Futures market of KASE: participants close their positions on nearest dollar contracts at declining prices

/IRBIS, Dec 13, 01/ - On Thursday during the currency futures trades held at Kazakhstan Stock Exchange (KASE) a total of 12 deals were made in USD1,000 futures. The volume of deals reached 82,917 contracts. Of this number, 8 deals amounting to $33,599.0 th. were closing of the positions and were made at a declining price. As a result, volume of opened interest on the trade floor declined to $24,478.0 th. The positions remained open only for May futures. Following are the results of the trades held at KASE on December 13 with bid and ask parameters at closing of the session. ------------------------------------------------------------------------- At closing of trades ------------------------------------------------- best settlement ------------------------------ Deals price bid ask volume ------------------------------------------------------- of open Contract numb- vo- value price quota- quota- posi- code er lume trend tion trend tion trend tions -------------------------------------------------------------------------- Non-delivery futures USD1,000 (KZT for USD) -------------------------------------------------------------------------- FUSD0112UN 0 0 - - 149.90 +0.20 150.10 0 0 FUSD0201UN 0 0 - - 150.10 +0.10 150.70 +0.30 0 FUSD0202UN 2 4,746 150.61 -0.44 150.60 +0.30 151.20 +0.30 0 FUSD0203UN 3 8,934 151.01 -0.08 151.00 +0.50 151.80 +0.50 0 FUSD0204UN 3 19,919 151.51 -0.18 151.50 +0.50 152.50 +0.70 0 FUSD0205UN 4 49,318 152.49 +0.20 152.00 +0.50 153.00 +0.50 24,478 -------------------------------------------------------------------------- Total 12 82,917 24,478 -------------------------------------------------------------------------- Non-delivery futures EUR1,000 (USD for EUR) -------------------------------------------------------------------------- FU_E0112UN 0 0 - - 0.8980 +0.0020 0.9020 +0.0040 0 FU_E0201UN 0 0 - - 0.8980 +0.0020 0.9020 +0.0020 0 FU_E0202UN 0 0 - - 0.8970 0 0.9030 +0.0020 0 FU_E0203UN 0 0 - - 0.8970 +0.0030 0.9030 +0.0030 0 FU_E0204UN 0 0 - - 0.8960 +0.0020 0.9040 +0.0040 0 FU_E0205UN 0 0 - - 0.8950 +0.0010 0.9040 +0.0040 0 -------------------------------------------------------------------------- Total 0 0 0 -------------------------------------------------------------------------- SUBTOTAL 12 82,917 24,478 -------------------------------------------------------------------------- Fifth and sixth positions in the contract code indicate the settlement year, seventh and eighth - settlement month. Settlements are made on last Friday of the indicated month. All volumes are given in contracts. Price trends are given relative to previous successful day, quotations - against previous trading day. Volume of open purchasing (or selling, since they are equal) is given.