/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, April 7, 04/ - Following is the table of major indicators of Kazakhstan market for U.S. dollar (over 99% of country's foreign exchange 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 trading 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              138.00    -0.10  138.29  -0.12       -      -
----------------------  --------  -------  ------  -----  ------  -----
Maximum rate              138.40    -0.10  138.32  -0.09       -      -
Volume on max. Price           5        0     600   +500       0      0
----------------------  --------  -------  ------  -----  ------  -----
Minimum rate              138.00    -0.10  138.25  -0.06       -      -
volume on min. Price           5        0     300  -1400       0      0
----------------------  --------  -------  ------  -----  ------  -----
Closing rate              138.27    -0.11  138.28  -0.08       -      -
----------------------  --------  -------  ------  -----  ------  -----
Weight. aver. rate        138.28    -0.09  138.29  -0.05       -      -
Volume of the session      38830    +9005    6690   -660       0      0
Number of deals              231      +89      45     -8       0      0
Number of participants        22        0      13     -6       0      0
----------------------  --------  -------  ------  -----  ------  -----
Best ask*                 138.27    -0.10  138.28  -0.06       -      -
Best bid*                 138.28    -0.12  138.30  -0.05       -      -
----------------------  --------  -------  ------  -----  ------  -----
REUTERS Bid*              138.27    -0.13  138.22  -0.10  138.22  -0.10
REUTERS Ask*              138.34    -0.16  138.32  -0.05  138.32  -0.05
-----------------------------------------------------------------------
* 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
------  ------  -----  ------  -----  -------  -----  -----  -----
138.40       5      1                       5      1  10:15  10:15
138.35     415      8                     415      8  10:33  10:35
138.34     405     14                     405     14  10:34  10:35
138.33     610      7                     610      7  10:33  10:36
138.32     110      2     600      2      710      4  10:33  12:17
138.31     340      4     350      4      690      8  10:37  12:19
138.30    2025     39    1860     13     3885     52  10:31  15:24
138.29     280      7    2310     13     2590     20  10:46  15:28
138.28    2300     26     770      6     3070     32  10:22  15:29
138.27   32185    117     500      5    32685    122  10:28  14:50
138.26     150      5                     150      5  10:28  10:28
138.25                    300      2      300      2  13:00  13:00
138.00       5      1                       5      1  10:15  10:15
------  ------  -----  ------  -----  -------  -----  -----  -----
TOTAL    38830    231    6690     45    45520    276  10:15  15:29
------------------------------------------------------------------

Parameters of unsatisfied demand and supply at trading system of KASE for the last 5 days (the amount of active bids by the time of morning and day trades closed, th. USD)

-----------------------------------------------------------------
Indicator   Apr 1, 04  Apr 2, 04  Apr 5, 04  Apr 6, 04  Apr 7, 04
----------  ---------  ---------  ---------  ---------  ---------
Bid             4,985      3,740      4,575      3,800      6,680
Ask             1,500      2,310      2,550      7,625      5,345
----------  ---------  ---------  ---------  ---------  ---------
Difference     -3,485     -1,430     -2,025     +3,825     -1,335
-----------------------------------------------------------------

The day at Kazakhstan market for US dollar did not bring significant changes. The dollar rate gradually creeps down under supply pressure, yet sometimes rebounds up thanks to local demand. Market's current parameters disallow break of a current trend to occur. It makes USD buyers more tenacious and permits them to execute their clients' orders at lower prices. Primary factors that drag market down are large exporters' revenues and high volume of capital borrowed abroad. Such dollar flow streams are expected to increase even further in the future.

Technical analysis assures current support levels at 138.16 and reveals short-term possibility for a dollar to appreciate.

IRBIS forecast for Thursday: positioned trades. From technical analysis viewpoint, the likelihood of dollar's corrective movement up slightly increased. By contrast, from fundamental factors perspective such a rebounce is unlikely to occur.

[2004-04-07]