U.S. dollar market of Kazakhstan: day results

/IRBIS, August 19, 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) 154.21(-0.02) 154.26(+0.05) - - Volume of session (m) 10.705(+5.845) 1.500(-2.970) 0 0 Bid 154.21( 0) 154.22(+0.02) - - Offer 154.22( 0) 154.26(+0.05) - - Number of participants 17(+2) 13(-3) - - ---------------------- -------------- ------------- ----------- ------------- Indicative U.S. dollar quotations in over-the-counter market in information system REUTERS at closing of KASE sessions (disregarding settlement dates) ----------------------------------------------------------------------------- Bid 154.19( 0) 154.20( 0) 154.20(-0.02) Offer 154.22(-0.02) 154.26(-0.01) 154.26(-0.01) ----------------------------------------------------------------------------- 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 first day of the week was noted by currency receipt from the side of banks' clients, which significantly enlivened conjuncture of the morning trades in US dollar. The most active participants were traders that carry out client orders on sale. From below four traders made support, having bought the majority of currency sold. As a result today during the main session the market of American currency demonstrated balance again. Day exchange market appeared to be less active. Traders content themselves with small-volume deals. Sellers, having opened at the weighted average rate, were able to bring the market to 154.26 tenge per dollar. Interbanking over-the-counter market today demonstrated slackness, indicative quotations of dollar during the whole day hand up on bids at the level of 154.20 tenge. Survey of currency traders, made by REUTERS on Friday, showed that dollar rate would slowly be growing on the current week. "Our large banks, probably, sold out. Dollar rate will gradually grow, but will not exceed the level of 154.30 tenge", - said one of Eurasian bank CJSC dealers on Friday. At the same time, the day in "interbanking" closed with small decrease relative to the previous trading day. In IRBIS analysts' opinion, there are no reasons that could make dollar rate significantly leave the level, fixed today. On Tuesday dollar will probably win back some points from tenge. [2002-08-19]