Dollar's rate at KASE continues to fall even in presence of big volumes of currency sale

/IRBIS, October 31, 03/ - Today the next morning trades in U.S. dollar were held at Kazakhstan Stock Exchange (KASE) on TOD payment terms. Below are main parameters of the trade and comparison with corresponding indicators of previous morning session. Table of trade results (tenge per dollar, th. dollars) -------------------------------------------------------------------- Indicator Value Trend ---------------------------------------------------- ------ ------ Rate of the first deal 147.50 -0.50 Maximum rate 148.00 -0.10 Volume at maximum price 20 +15 Minimum rate 147.50 -0.40 Volume at minimum price 5 0 Rate of the last deal 147.75 -0.18 ---------------------------------------------------- ------ ------ Weighted average rate 147.77 -0.26 Volume of the session 5,740 -2,905 ---------------------------------------------------- ------ ------ Number of deals 92 -18 Number of participants 17 -3 Volume of unsatisfactory offer* 3,765 -95 Volume of unsatisfactory demand* 365 -110 Best demand at KASE at closing 147.74 -0.17 Best offer at KASE at closing 147.76 -0.21 ---------------------------------------------------- ------ ------ Best demand at 11:00 out of stock exchange (REUTERS) 147.68 -0.18 Best offer at 11:00 at stock exchange (REUTERS) 147.78 -0.18 -------------------------------------------------------------------- * volume of corresponding active bids in the trade system at closing of the trade Table of trade price levels --------------------------------------- Time (ALT) Price Volume, Number ------------ level m. USD of deals from to ------ ------- -------- ----- ----- 148.00 20 3 10:15 10:27 147.79 5 1 10:48 10:48 147.78 2490 35 10:35 10:53 147.77 1800 24 10:32 10:58 147.76 910 16 10:27 10:59 147.75 310 8 10:27 11:00 147.74 200 4 10:23 10:26 147.50 5 1 10:15 10:15 ------ ------- -------- ----- ----- TOTAL 5740 92 10:15 11:00 --------------------------------------- Conjuncture of dollar market remains unchanged. USD buyers were incompliant again and did not let few in number sellers take initiative. The market opened on low level. All attempts to play for raising dollar's rate ended with compensating strengthening of tenge. Degree of offer monopolization was very high. At closing of the session the market seemed to be opened down. One hour after closing of the morning session out of stock exchange dollar was quoted at KZT147.53/63, one hour and a half later - 147.51/61. At the day trades of KASE at 12:30 p.m. dollar was quoted at 147.60/64, the last deal was made at 147.60. [2003-10-31]