U.S. dollar market of Kazakhstan: day results

/IRBIS, July 14, 03/ - 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) 146.67(-0.13) 146.68(-0.13) - - Volume of session (m) 12.620(+0.365) 2.430(-2.870) 0(-0.700) 0 Bid 146.67(-0.13) 146.68(-0.12) - - Offer 146.68(-0.14) 146.69(-0.12) - - Number of participants 15(-2) 11(-3) 0(-3) 0 ---------------------- -------------- ------------- ----------- ------------- Indicative U.S. dollar quotations in over-the-counter market in information system of REUTERS at closing of KASE sessions (disregarding settlement dates) --------------------------------------------------------------------------------- Bid 146.67(-0.11) 146.65(-0.12) 146.59(-0.39) Offer 146.76(-0.07) 146.70(-0.16) 146.64(-0.38) --------------------------------------------------------------------------------- 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. US dollar market of Kazakhstan strongly keeps the rate on the inclined support line of the main price channel. Beginning of the new week did not change anything. Results of technical analysis characterize a waiting position of traders. They feel the resold condition of dollar, but do not see factors, capable to turn the market to correctional falling, moreover before new receipts of exported proceeds, which can pull down dollar to deeper levels. It is not favorable to exporters to increase offer volume at such low prices, but also low demand from outside of STB does not allow to raise the rate. There is a situation at the market, when it is possible to sell only due to the head bank's demand, which controls the speed of tenge strengthening. Ini the opinion of specialists of IRBIS, on Tuesday there will be no surprises at US dollar market of Kazakhstan, and the market will test new bottoms. The next mathematic support level on 146.20, in all probability, will be passed during the nearest days. [2003-07-14]