/IRBIS, Sergey Yakovlev, April 8, 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

------------------------------------------------------------------
                                 USD TOD      USD TOD      USD TOM
                                    Main   Additional   Additional
Instrument                     (morning)        (day)    (evening)
KASE's session         10:15 - 11:00 ALT  11:30-15:30  14:00-18:00
                       ----------------- ------------ ------------
Time                   -------- -------- ------ ----- ------ -----
Indicator                 Value    Trend  Value trend  value trend
---------------------- -------- -------- ------ ----- ------ -----
Opening rate             138.20    +0.20 138.10 -0.19      -     -
---------------------- -------- -------- ------ ----- ------ -----
Maximum rate             138.40        0 138.16 -0.16      -     -
Volume on max. Price          5        0    500  -100      0     0
---------------------- -------- -------- ------ ----- ------ -----
Minimum rate             138.12    +0.12 138.10 -0.15      -     -
volume on min. Price        770     +765    200  -100      0     0
---------------------- -------- -------- ------ ----- ------ -----
Closing rate             138.12    -0.15 138.15 -0.13      -     -
---------------------- -------- -------- ------ ----- ------ -----
Weight. aver. rate       138.15    -0.13 138.14 -0.15      -     -
Volume of the session     66405   +27575   3985 -2705      0     0
Number of deals             157      -74     38    -7      0     0
Number of participants       20       -2     14    +1      0     0
---------------------- -------- -------- ------ ----- ------ -----
Best ask*                138.12    -0.15 138.14 -0.14      -     -
Best bid*                138.14    -0.14 138.15 -0.15      -     -
---------------------- -------- -------- ------ ----- ------ -----
REUTERS Bid*             138.08    -0.19 138.04 -0.18 138.05 -0.17
REUTERS Ask*             138.18    -0.16 138.16 -0.16 138.15 -0.17
------------------------------------------------------------------

* 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 ------------------------
            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
138.25     60     3                  60     3 10:17 10:25
138.24     50     2                  50     2 10:25 10:26
138.22     60     2                  60     2 10:26 10:26
138.21    100     2                 100     2 10:26 10:26
138.20   1165     6                1165     6 10:15 10:28
138.17    100     2                 100     2 10:28 10:28
138.16     50     1    500     3    550     4 10:28 14:49
138.15  56230    70   2450    18  58680    88 10:27 15:29
138.14   5395    46    250     1   5645    47 10:33 14:55
138.13   2420    15    365     8   2785    23 10:33 14:16
138.12    770     7    100     1    870     8 10:59 14:12
138.11                 120     4    120     4 12:26 14:12
138.10                 200     3    200     3 12:24 14:06
------ ------ ----- ------ ----- ------ ----- ----- -----
TOTAL   66405   157   3985    38  70390   195 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 2, 04 Apr 5, 04 Apr 6, 04 Apr 7, 04 Apr 8, 04
---------- --------- --------- --------- --------- ---------
Bid            3,740     4,575     3,800     6,680     9,345
Ask            2,310     2,550     7,625     5,345     3,605
---------- --------- --------- --------- --------- ---------
Difference    -1,430    -2,025    +3,825    -1,335    -5,740
------------------------------------------------------------

Another day at US dollar market encouraged currency operators to increase the volume of USD offered for sale. Absence of adequate demand from medium banks coupled with high offer volume prompted central bank to intervene and support the dollar at 138.12. Having realized that speculative operations are impossible, traders reduced its short positions afternoon, which led market to points achieved earlier. However, it did not affect the market.

Technical analysis suggests that support level approaches 138.05 due to slope of main price channel.

IRBIS forecast for Friday: tenge further appreciation.

[2004-04-08]