U.S. dollar market of Kazakhstan: day results

/IRBIS, September 26, 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) 154.65(-0.06) 154.59( 0) - - Volume of session (m) 0.645(-6.430) 4.745(+1.005) 0 0 Bid 154.61(-0.08) 154.58(+0.02) 154.50(-) - Offer 154.64(-0.06) 154.58(-0.01) - - Number of participants 18( 0) 16(+1) 3( 0) - ---------------------- ------------- ------------- ----------- ------------- Indicative U.S. dollar quotations in over-the-counter market in information system REUTERS at closing of KASE sessions (disregarding settlement dates) ---------------------------------------------------------------------------- Bid 154.60(-0.05) 154.56(+0.01) 154.58(+0.01) Offer 154.65(-0.03) 154.61(+0.01) 154.63(+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. Dollar rate continues to gradually decrease on account of USD purchasers' incompliance, despite falling of the volume of USD offer. At the morning stock exchange's session traders preferred to keep from dollar sales felling almost full absence of demand. Dollar lost only six points with minimal volume of deals, which, evidently, should be conducted during those trades. The stress was made the day session. And expectations of sellers were partially proved. The market was upheld from below by one traditional purchaser and due to this USD came back to the level of opening. At this the weighted average price turned out to be lower - 154.57. By the results of they day IRBIS analysts assume that "the bottom of the market" was reached today. All budget payments remained behind. During the last hours, before closing of the day, dollar rate tended to growing, and number of purchasers at the stock exchange significantly exceeded the number of sellers. If to take into account decreasing volume of USD offer vo9lume to it, it will be possible to assume that on Friday dollar may strengthen its positions. [2002-09-26]