Dollar market in Kazakhstan has finished the next failed attempt to strengthen USD's positions due to speculative demand
/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, March 18, 04/ - 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 139.30 +0.30 Maximum rate 139.35 -0.28 Volume at maximum price 210 +205 Minimum rate 138.80 -0.20 Volume at minimum price 5 0 Rate of the last deal 139.06 -0.50 ---------------------------------------------------- ------ ------ Weighted average rate 139.08 -0.39 Volume of the session 12,995 +8,100 ---------------------------------------------------- ------ ------ Number of deals 147 +37 Number of participants 17 +1 Volume of unsatisfactory offer* 5,310 +3,735 Volume of unsatisfactory demand* 5,555 +3,895 Best demand at KASE at closing 139.05 -0.50 Best offer at KASE at closing 139.06 -0.51 ---------------------------------------------------- ------ ------ Best demand at 11:00 out of stock exchange (REUTERS) 138.99 -0.51 Best offer at 11:00 at stock exchange (REUTERS) 139.08 -0.50 -------------------------------------------------------------------- *volume of corresponding active bids of STB in the trade system at closing of the trade
Table of trade price levels
---------------------------------------
Time (ALT)
Price Volume, Number ------------
level th. USD of deals from to
------ ------- -------- ----- -----
139.35 210 3 10:25 10:26
139.32 15 2 10:20 10:27
139.31 30 1 10:27 10:27
139.30 1145 15 10:16 10:27
139.29 200 1 10:28 10:28
139.28 200 2 10:28 10:28
139.27 90 1 10:28 10:28
139.26 300 4 10:28 10:28
139.25 400 3 10:28 10:28
139.24 105 1 10:29 10:29
139.20 200 2 10:30 10:30
139.15 750 7 10:31 10:36
139.14 100 2 10:36 10:36
139.11 100 1 10:36 10:36
139.10 305 4 10:29 10:36
139.09 100 1 10:57 10:57
139.08 105 2 10:37 10:37
139.06 400 5 10:58 10:59
139.05 850 5 10:57 10:59
139.04 350 6 10:56 10:57
139.03 350 7 10:55 10:56
139.02 815 11 10:47 10:55
139.01 1650 16 10:37 10:54
139.00 2550 27 10:37 10:53
138.99 1350 13 10:41 10:53
138.98 70 2 10:50 10:50
138.97 250 2 10:50 10:50
138.80 5 1 10:38 10:38
------ ------- -------- ----- -----
TOTAL 12995 147 10:16 10:59
---------------------------------------
According to results of the trade tenge has strengthened within the framework of the falling from 139.70, which became to take shape yesterday. It's not excluded that behavior of traders of middle and small banks was influenced by the result of dealers questioning, which was made yesterday by REUTERS. No trader doubted in the high potential of tenge pointing to speculative and temporary character of growth of dollar's rate at the domestic market. Big volume of dollar borrowings abroad and high oil prices do not let participants of the currency market seriously play upward that is proved by invariability of positions of actual market-makers of USD at KASE, who prefer to remain in short positions.
One hour after closing of the morning session out of stock exchange dollar was quoted at KZT139.03/12. At the day trades of KASE at 12:20 p.m. dollar was quoted at 139.07/09, the last deal was made at 139.09.
[2004-03-18]