U.S. dollar market of Kazakhstan: day results

/IRBIS, July 12, 02/ - Following is the table of major indicators of Kazakhstan market for U.S. dollar (more than 99% of country's all currency market). Trends are shown relative to corresponding 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 11:30a-3:30p 2:00p-6:00p 2:00p-6:00p Rate (KZT/USD) 153.83(+0.12) 153.90(+0.07) - - Volume of session (m) 2.940(-4.335) 6.485(+2.885) 0 0 Bid 153.87(+0.15) 153.88(+0.05) - - Offer 153.88(+0.15) 153.91(+0.02) - - Number of participants 18(+2) 16(+5) 0 0 ---------------------- ------------- ------------- ----------- ------------- Indicative U.S. dollar quotations in over-the-counter market in information system REUTERS at closing of KASE sessions (disregarding settlement dates) ---------------------------------------------------------------------------- Bid 153,87(+0,16) 153,87(+0,07) 153,78(+0,11) Offer 153,92(+0,16) 153,93(+0,08) 153,83(+0,11) ---------------------------------------------------------------------------- Notes: weighted average rate is given for main and evening sessions, for additional - closing rate; best ask and offer prices at closing of the trades are shown as the Exchange's quotations. The last day of the week was marked by dollar price growth. It occurred along with decrease of trade volumes. It is necessary to note that volume of the morning session was the smallest one for the whole week. During the morning session at KASE trend to dollar strengthening was formed. Low activeness of banks that serve exporters on trades forced buyers to compromise with dollar sellers. However at the end of the trades USD rate stabilized at 153.88, which influenced afternoon market conjuncture. Having opened day trades very high, sellers of dollar failed to hold the market at this level, as offer volume of USD grew (volume of these trades appeared to be rarely high). At the evening the market was not able to stabilize, stopped at the points near 153.90. According to results of day analysis IRBIS specialists still believe that dollar rate has to stabilize in the nearest future around 153.90 tenge per dollar, and on Monday weighted average USD rate will grow a little during the morning session at KASE. [2002-07-12]