U.S. dollar market of Kazakhstan: day results

/IRBIS, October 22, 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) 154.32(-0.13) 154.41(-0.16) - - Volume of session (m) 8.915(+8.010) 2.820(-0.500) 0( 0) 0( 0) Bid 154.32(-0.13) 154.40(-0.16) 154.38(+0.96) - Offer 154.33(-0.13) 154.41(-0.16) - - Number of participants 18(+4) 13(-1) 2(+2) 0( 0) ---------------------- ------------- ------------- ------------- ------------- Indicative U.S. dollar quotations in over-the-counter market in information system REUTERS at closing of KASE sessions (disregarding settlement dates) ---------------------------------------------------------------------------------- Bid 154.30(-0.13) 154.36(-0.13) 154.39(+0.01) Offer 154.33(-0.15) 154.41(-0.13) 154.41(-0.02) ---------------------------------------------------------------------------------- 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. As well as yesterday USD dollar market of Kazakhstan was characterized by increased volatility. In the first half of the day the significantly increased dollar offer volume at the main KASE session caused market's falling to 154.32- 154.33. At day demand of one bank, which specialize in importers servicing, allowed sellers by closing of the additional stock exchange's trade to lead the market to 154.41. The day out of stock exchange closed at KZT154.40 for dollar - precisely on the level, which was forecasted by IRBIS specialists yesterday as the most well-grounded in the current conjuncture. A certain influence upon forming of USD rate was made by high "overnight" rates, which reflected increased interest of some banks in tenge. By the end of the day cost of the shortest money tended to decreasing. Results of the conducted analysis allow IRBIS specialists to assume that the market in the nearest future, most likely, will become stable on the reached level, and by the end of the month it will gravitate towards growing due to importers' demand and decrease of USD offer volume. [2002-10-22]