Falling of banks' demand for USD provided the next strengthening of tenge at KASE

/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, April 2, 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 138.30 -0.20 Maximum rate 138.93 -0.22 Volume at maximum price 5 0 Minimum rate 138.30 -0.20 Volume at minimum price 5 0 Rate of the last deal 138.50 -0.38 ---------------------------------------------------- ------ ----- Weighted average rate 138.61 -0.31 Volume of the session 8,415 +585 ---------------------------------------------------- ------ ----- Number of deals 140 +4 Number of participants 19 +2 Volume of unsatisfactory offer* 2,640 -345 Volume of unsatisfactory demand* 510 +10 Best demand at KASE at closing 138.45 -0.40 Best offer at KASE at closing 138.50 -0.41 ---------------------------------------------------- ------ ----- Best demand at 11:00 out of stock exchange (REUTERS) 138.42 -0.43 Best offer at 11:00 at stock exchange (REUTERS) 138.48 -0.47 ------------------------------------------------------------------- * 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 ------ ------- -------- ----- ----- 138.93 5 1 10:15 10:15 138.80 5 1 10:15 10:15 138.69 1500 27 10:34 10:48 138.68 60 3 10:42 10:48 138.67 150 2 10:49 10:49 138.66 475 8 10:32 10:52 138.65 480 10 10:18 10:53 138.64 270 7 10:53 10:53 138.63 365 9 10:30 10:55 138.62 835 7 10:54 10:55 138.61 555 15 10:19 10:55 138.60 900 11 10:18 10:56 138.59 160 3 10:56 10:56 138.58 245 6 10:56 10:56 138.57 410 8 10:57 10:57 138.56 790 8 10:57 10:58 138.55 710 5 10:58 10:58 138.53 210 3 10:59 10:59 138.52 100 1 10:59 10:59 138.51 45 2 10:59 10:59 138.50 140 2 10:59 10:59 138.30 5 1 10:15 10:15 ------ ------- -------- ----- ----- TOTAL 8415 140 10:15 10:59 --------------------------------------- Traders' unwillingness to play upwards today resulted in falling of demand for USD and incompliance of its purchasers. As the result the market opened on low level, and fulfillment of clients' bids by USD sellers in the second half of the session resulted in strengthening of tenge. One hour after closing of the morning session out of stock exchange dollar was quoted at KZT138.51/57, one hour and a half later quotations did not change. At the day trades of KASE at 12:25 p.m. dollar was quoted at 138.52/57, the last deal was made at 138.54. [2004-04-02]