U.S. dollar market of Kazakhstan: day results

/IRBIS, October 1, 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) 154.56(-0.16) 154.57(-0.10) - - Volume of session (m) 11.020(+8.090) 1.000(-3.400) 0 0 Bid 154.56(-0.16) 154.56(-0.11) 154.55(-0.05) - Offer 154.57(-0.16) 154.57(-0.11) - - Number of participants 16(+3) 13(-1) 5(-2) - ---------------------- -------------- ------------- ------------- ------------- 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(-0.16) 154.55(-0.10) 154.54(-0.07) Offer 154.57(-0.16) 154.58(-0.17) 154.58(-0.08) ----------------------------------------------------------------------------------- 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. Potential of dollar still remains low for its offer volume continues to grow, despite the beginning of the month. This circumstance did not allow traders today to open the morning stock exchange's market on high level, and the further attempts to raise it failed. As the result the weighted average rate by the end of the main session was 16 lower than yesterday whereas there was approximate parity between bid and ask. Results of the main session influenced behavior of participants of currency trades in the second half of the day. At the additional stock exchange's trades, despite decrease of dollar offer volume, the market continued to keep balance near the weighted average rate of the main session, having raised by one point only. All the deals were made at the only price - KZT154.57 for dollar. It is notable that currency at these trades was sold by one bank, which purchased it in the morning at lower price. Results of the day show that on Wednesday dollar market will go on moving down, however tenge, in all probability, will not be let strengthen its positions. [2002-10-01]