U.S. dollar market of Kazakhstan: day results

30.07.02 00:00
/IRBIS, July 30, 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) 154.20(+0.20) 154.20(+0.20) - - Volume of session (m) 8.265 (+3.215) 1.250(-2.150) 0 0 Bid 154.18 (+0.18) 154.19(+0.20) - - Offer 154.19 (+0.18) 154.20(+0.20) - - Number of participants 19(+ 3) 13(-1) - - ---------------------- -------------- ------------- ----------- ------------- Indicative U.S. dollar quotations in over-the-counter market in information system REUTERS at closing of KASE sessions (disregarding settlement dates) ----------------------------------------------------------------------------- Bid 154.18 (+0.22) 154.16(+0.19) 154.16(+0.15) Offer 154.23 (+0.22) 154.21(+0.19) 154.26(+0.19) ----------------------------------------------------------------------------- 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 situation changes at the financial market. Banks made reserve requirements of the National Bank and today worked in the stream of the next month. Release of their resources was felt in all their sectors. Rates of the shortest money decreased today. In repo sector at KASE the National Bank was forced to conduct large sterilization of corporate accounts in STB, which generally offered tenge. During the auction in MEOKAM-24 the bid reached a record high figure for the whole history of GS market in Kazakhstan - it exceeded KZT14bn, of which MOF took KZT2,630.0m. Redundant liquidity of banks in the currency market was also presented. During the morning session at KASE dollar received a strong impulse for strengthening due to large acquisitions of one of traders. On the day session, despite the fact that this trader didn't buy the currency, sellers succeeded in holding the market at 154.20 during the active stage of the trades. Relative to yesterday this day closed with growth. So far, large volumes of dollars sale by exporters hinders from the marked tenge weakening. Today they had a possibility to arrange sales with almost stable prices, being not afraid of their fall, as the bid was strong. In IRBIS specialists' opinion, within the next days the offer volume will be going down, and USD market will be looking upwards stronger and stronger. Favorable prerequisites for American currency price growth are forming. [2002-07-30]