U.S. dollar market of Kazakhstan: day results

23.07.02 00:00
/IRBIS, July 23, 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) 153.73(-0.02) 153.80(+0.08) - - Volume of session (m) 7.820(-2.085) 1.030(-3.700) 0 0 Bid 153.72(-0.01) 153.71(-0.03) - - Offer 153.73(-0.01) 153.74(-0.02) - - Number of participants 17(-2) 13(-1) 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 153.70( 0) 153.75(+0.03) 153.83(+0.10) Offer 153.75( 0) 153.80(+0.04) 153.88(+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 day demonstrated that Kazakhstan market of dollar keenly reacts on dollars inflows volumes on the Exchange floors. Relative to the previous day exporters decreased offer volume of dollars at KASE, which immediately influenced the market conjuncture. During the morning session generally one bank was selling dollars. Its position at the repo market allows suggesting high need in tenge, which was fully satisfied today to the afternoon. Lack of large dollars offer in the afternoon changed the situation, allowing sellers of American currency to win back an initiative and lead up the market from 153.76 to 153.80 tenge per dollar. Under the pressure of buyers' compromise over-the-counter market closed in the evening with growth. Events on the repo floors at KASE don't allow saying about redundant STB liquidity, however there is enough tenge at the market, and the National Bank allowed subjects of pension market to support banks' liquidity, even though at higher rates relative to Monday. In IRBIS analysts' opinion US dollar market of Kazakhstan turns to go up and tomorrow tenge might loose about 10 points. At the same time this all is happened with a background of general stability. Price fluctuations of dollar are not likely to be significant this week. [2002-07-23]