U.S. dollar market of Kazakhstan: day results

/IRBIS, July 24, 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(+0.10) 153.81(+0.01) - - Volume of session (m) 4.815(-3.005) 5.600(+4.570) 0 0 Bid 153.84(+0.12) 153.79(+0.08) - - Offer 153.85(+0.12) 153.81(+0.07) - - Number of participants 17( 0) 14(+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 153.82(+0.12) 153.76(+0.01) 153.81(-0.02) Offer 153.87(+0.12) 153.81(+0.01) 153.86(-0.02) ---------------------------------------------------------------------------- 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. US dollar market of Kazakhstan continues to demonstrate stability against the background of insignificant price fluctuations. Almost permanent and relatively high demand on American currency, submitted by different banks was compensated by the offer to a variable extent. The offer volume recently depends on dollar price. High exporters' and banks' liquidity allow making sales with availed prices. Thus, dollar rate grows in not large volumes, but falls - in significant. And particularly this conjuncture represents stability guarantor of tenge. All mentioned above completely refers to past day. During the morning session at KASE sellers of dollars succeeded in market opening very high and keeping it at the same level. However, exporters, attracted by high USD price, increased sales volume on the day session at KASE, which leaded to the next decrease of dollar price. Closing market parameters are the evidence of the fact that on Thursday rate dynamics will be minimal and tenge strengthening seems to be more likely than dollar magnification. [2002-07-24]