U.S. dollar market of Kazakhstan: day results

/IRBIS, Sergey Yakovlev, May 25, 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 137.06 +0.28 137.06 +0.20 - - ---------------------- -------- ------- ------ ----- ------ ----- Maximum rate 2350 +2335 400 -1600 0 0 Volume on max. Price 136.90 +0.40 136.94 +0.20 - - ---------------------- -------- ------- ------ ----- ------ ----- Minimum rate 50 +45 1300 +700 0 0 volume on min. Price 137.06 +0.32 137.06 +0.20 - - ---------------------- -------- ------- ------ ----- ------ ----- Closing rate 137.03 +0.28 137.00 +0.19 - - ---------------------- -------- ------- ------ ----- ------ ----- Weight. aver. rate 13920 +6215 9950 +1620 0 0 Volume of the session 144 +68 55 +25 0 0 Number of deals 18 +1 18 +1 0 0 Number of participants 137.05 +0.34 137.05 +0.25 - - ---------------------- -------- ------- ------ ----- ------ ----- Best ask* 137.07 +0.33 137.07 +0.21 - - Best bid* 137.00 +0.36 137.00 +0.17 137.05 +0.23 ---------------------- -------- ------- ------ ----- ------ ----- REUTERS Bid* 137.10 +0.36 137.10 +0.17 137.15 +0.23 REUTERS Ask* 137.06 +0.28 137.06 +0.20 - - ----------------------------------------------------------------------- * 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 ------ ------ ----- ------ ----- ------- ----- ----- ----- 137.06 2350 16 400 2 2750 18 10:43 15:29 137.05 2560 23 1200 5 3760 28 10:28 15:28 137.04 1680 16 1600 6 3280 22 10:42 14:59 137.03 2250 12 1200 7 3450 19 10:38 14:50 137.02 950 8 500 3 1450 11 10:26 14:49 137.01 1140 8 200 3 1340 11 10:25 14:49 137.00 1800 35 700 4 2500 39 10:22 14:45 136.99 145 4 950 6 1095 10 10:22 14:35 136.98 195 4 450 4 645 8 10:30 14:06 136.97 250 5 100 2 350 7 10:21 14:06 136.96 210 5 400 2 610 7 10:31 14:32 136.95 290 6 950 4 1240 10 10:18 14:16 136.94 1300 7 1300 7 14:11 14:17 136.93 50 1 50 1 10:18 10:18 136.90 50 1 50 1 10:16 10:16 ------ ------ ----- ------ ----- ------- ----- ----- ----- TOTAL 13920 144 9950 55 23870 199 10:16 15:29 ------------------------------------------------------------------ Parameters of unsatisfied demand and supply at trading system of KASE for the last 5 days (the amount of valid bids by the time of morning and day trades closed, th. USD) ---------------------------------------------------------------------- Indicator May 19, 04 May 20, 04 May 21, 04 May 24, 04 May 25, 04 ---------- ---------- ---------- ---------- ---------- ---------- Bid 7,365 2,595 8,755 3,165 4,180 Ask 6,485 4,000 6,045 2,475 4,550 ---------- ---------- ---------- ---------- ---------- ---------- Difference -880 +1,405 -2,710 -690 +370 ---------------------------------------------------------------------- At Kazakhstan US dollar market banks started purchasing dollars again. However, the demand lagged behind the supply during day trades and hence, the dollar was unable to go higher than KZT137.06 per $1. In IRBIS specialists' opinion, it is still early to conclude whether dollar's short-term local appreciation finished as the greenback rate versus other major world currencies is gradually stabilizing at international forex markets. Insignificant predominance of USD supply is quite logical and therefore unlikely to affect the appreciation course. The dollar tends to continue climbing up. According to technical analysis the dollar may encounter a resistance at 137.25 and 137.40. KZT137.70 per dollar seem to be the best possible rate for this week. IRBIS for Wednesday: market may go up to 137.25 though closing of long positions is also possible. [2004-05-25]