U.S. dollar market of Kazakhstan: day results

/IRBIS, September 02, 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 TOM USD TOM USD SPOT Session Main Joint Evening Time of trades (AST) 10:15a-11:00a 11:30a-6:00p 2:00p-6:00p Rate (KZT/USD) 154.64(+0.11) 154.68 (-) - Volume of session (m) 5.300(-0.735) 1.100 (-) 0 Bid 154.64(+0.11) 154.64 (-) - Offer 154.65(+0.11) - Number of participants 11(-7) 10 (-) 0 ---------------------- ------------- ------------ ------------- Indicative U.S. dollar quotations Indicative U.S. dollar quotations in over-the-counter market in information system REUTERS at closing of KASE sessions (disregarding settlement dates) --------------------------------------------------------------- Bid 154.64(+0.12) 154.65 (-) 154.62(+0.12) Offer 154.69(+0.13) 154.70 (-) 154.68(+0.13) --------------------------------------------------------------- Notes: weighted average rate is given for main, joint and evening sessions, for additional - closing rate; best ask and offer prices at closing of the trades are shown as the Exchange's quotations; for main session trends are given as regards USD_TOD of the previous working day. The day at the currency market of Kazakhstan was homogeneous for market conditions. Despite holidays in the USA, currency traders were working with dollar at KASE very actively, however the narrowness of the market was felt in decrease of number of participants. Today American currency was bought mainly by one bank, which allowed two main sellers to speculate gradually on rate growth both in the morning and in the second part of the day. In spite of the rise of price for the shortest money, the market rather confidently looks upwards for the compliance of USD buyers and positive trends of quotations by results of day closing are the evidence of it. [2002-09-02]