U.S. dollar market of Kazakhstan: day results

/IRBIS, September 05, 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) 154.58(+0.13) 154.57(+0.10) - - Volume of session (m) 2.465(-1.535) 1.650(-1.650) 0 0 Bid 154.58(+0.14) 154.57(+0.11) - - Offer 154.59(+0.14) 154.58(+0.11) - - Number of participants 16(-1) 17(+7) 0 0 ----------------------- -------------- ------------- ----------- ------------- Indicative U.S. dollar quotations in over-the-counter market in information system Indicative U.S. dollar quotations in over-the-counter market in information system REUTERS at closing of KASE sessions (disregarding settlement dates) ---------------------------------------------------------------------------------- Bid 154.56(+0.13) 154.57(+0.12) 154.58(+0.12) Offer 154.61(+0.13) 154.62(+0.12) 154.63(+0.13) ---------------------------------------------------------------------------------- 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. Today the US dollar market was not very active, as the offer volume dollar continued to decrease. The last led to notable growth of the weighted average exchange rate of USD during the morning session. However in the afternoon the market stabilized at reached points and remained at them till the day closing. More likely, tendency of tenge weakening will not get any sharp continuation, for the market is standing on the verge of the period of exporters' realization of currency receipts at KASE. Oil high prices on the world floors and real menace of Iraq crisis is currently contributing to expanding of the currency inflow to the country, which might neutralize traditionally high autumn demand for USD. However on Friday dollar will be able to win some points from tenge. Anyway, American currency sellers will open the market high. The trends, shown in the table, are the evidence of it, and also high short-term liquidity of banks on tenge, fixed today in the repo sector at KASE. [2002-09-05]