U.S. dollar market of Kazakhstan: day results

/IRBIS, November 5, 03/ - Following is the table of major indicators of Kazakhstan market for U.S. dollar (more than 99% of country's all currency market) according to results of the day. Values are given in tenge per dollar, volume - th. USD, trends are shown relative to corresponding figures of previous day. Results of trades at Kazakhstan stock exchange ----------------------------------------------------------------------- Instrument USD TOD USD TOD USD TOM KASE's session Main Additional Additional (morning) (day) (evening) Time 10:15 - 11:00 ALT 11:30-15:30 14:00-18:00 ----------------- ------------- ------------- Indicator value trend value trend value trend ---------------------- -------- ------- ------ ----- ------ ----- Opening rate 147.50 -0.11 147.60 -0.33 - - ---------------------- -------- ------- ------ ----- ------ ----- Maximum rate 147.83 -0.47 147.65 -0.38 - - Volume on max. price 120 +115 1800 +1300 0 0 ---------------------- -------- ------- ------ ----- ------ ----- Minimum rate 147.50 -0.11 147.52 -0.38 - - volume on min. price 5 0 100 -300 0 0 ---------------------- -------- ------- ------ ----- ------ ----- Closing rate 147.66 -0.30 147.53 -0.49 - - ---------------------- -------- ------- ------ ----- ------ ----- Weight. aver. rate 147.76 -0.32 147.60 -0.37 - - Volume of the session 9720 +3370 10130 +6010 0 0 Number of deals 111 +13 77 +47 0 0 Number of participants 19 0 16 +1 0 0 ---------------------- -------- ------- ------ ----- ------ ----- Best ask* 147.64 -0.31 147.53 -0.43 - - Best bid* 147.65 -0.31 147.55 -0.47 - - ---------------------- -------- ------- ------ ----- ------ ----- REUTERS Bid* 147.57 -0.31 147.47 -0.45 147.43 -0.39 REUTERS Ask* 147.67 -0.31 147.57 -0.45 147.53 -0.39 ----------------------------------------------------------------------- * at closing of the session at KASE, out of stock exchange - by the data of REUTERS Table of price levels of trade in US dollar at KASE on TOD terms ------------------------------------------------------------------ TOTAL BY RESULTS OF THE DAY: Morning Day ---------------------------- session: session: time (ALT): Price ------------- ------------- ------------ level volume deals volume deals volume deals from to ------ ------ ----- ------ ----- ------- ----- ----- ----- 147.83 120 2 120 2 10:36 10:36 147.82 80 3 80 3 10:36 10:36 147.81 2025 28 2025 28 10:18 10:39 147.80 1740 19 1740 19 10:29 10:42 147.79 550 7 550 7 10:43 10:47 147.78 995 8 995 8 10:43 10:47 147.77 435 3 435 3 10:47 10:47 147.76 420 4 420 4 10:47 10:49 147.75 350 7 350 7 10:49 10:49 147.74 350 4 350 4 10:50 10:50 147.73 200 1 200 1 10:50 10:50 147.72 500 2 500 2 10:50 10:50 147.71 200 1 200 1 10:51 10:51 147.70 600 6 600 6 10:51 10:53 147.69 100 1 100 1 10:54 10:54 147.68 70 2 70 2 10:54 10:54 147.67 270 4 270 4 10:55 10:59 147.66 20 1 20 1 11:00 11:00 147.65 470 4 1800 7 2270 11 10:56 14:44 147.64 220 3 1800 13 2020 16 10:56 15:02 147.63 650 7 650 7 12:00 15:04 147.62 300 1 300 1 11:41 11:41 147.61 200 2 200 2 11:54 15:07 147.60 850 8 850 8 11:32 15:07 147.59 450 4 450 4 15:07 15:07 147.57 50 1 50 1 15:11 15:11 147.56 200 3 200 3 15:11 15:11 147.55 1770 13 1770 13 15:11 15:25 147.54 1660 13 1660 13 15:25 15:29 147.53 300 3 300 3 15:29 15:29 147.52 100 2 100 2 15:20 15:20 147.50 5 1 5 1 10:15 10:15 ------ ------ ----- ------ ----- ------- ----- ----- ----- TOTAL 9720 111 10130 77 19850 188 10:15 15:29 ------------------------------------------------------------------ The Kazakhstan market of US dollar turned into downward direction today against a background of increasing sales volume of exporters' foreign currency revenues. As the volume of exchange trades increased due to increasing USD supply, the number of banks engaged in foreign exchange deals at KASE increased as well. And the disposition of banks at the exchange looked traditionally. The group of net sellers was composed primarily from major banks, serving exporters. Their traders were working both for the purchase and sale of USD, preferring sale more. Traders of net purchasers group, which according to day results was represented by 15 financial institutions, were mostly dealing with American currency purchase. US dollar's price behavior at the exchange allows assuming that the market today was mainly clients' one. USD sellers at day session of KASE tried to encourage dollar's fall by not agreeing with quotes of buyers during almost the whole session time. However, the necessity of fulfilling the orders of clients at this very date, made them increase the volume of sales during the trade's last hour, which led to market's fall from 147.65 to 147.53. In over- the-counter market the day closed with even lower levels. Parameters of unsatisfied demand and supply at trading system of KASE by days of the week (the amount of active bids by the time of morning and day trades closed, USD ths.) ------------------------------------------------------------------- Indicator Oct 30, 03 Oct 31, 03 Nov 3, 03 Nov 4, 03 Nov 5, 03 ---------- ---------- ---------- --------- --------- --------- Supply 5,510 5,375 6,095 13,150 14,630 Demand 1,275 3,265 4,910 11,250 11,780 ---------- ---------- ---------- --------- --------- --------- Difference -4,235 -2,110 -1,185 -1,900 -2,850 ------------------------------------------------------------------- IRBIS specialists have no doubts as for further tenge appreciation on Thursday. The announcement by the National bank about expected weighted average exchange rate in 2003 at 150-151 levels (150.1 yet according to the National bank's data and 149.68 according to IRBIS) will hardly influence traders. [2003-11-05]