Dollar up at KASE thanks to high demand by one of the banks

/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, May 28, 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 137.25 +0.23 Maximum rate 137.45 +0.25 Volume at maximum price 5 0 Minimum rate 137.15 +0.15 Volume at minimum price 5000 +4600 Rate of the last deal 137.39 +0.28 ---------------------------------------------------- ------ ------- Weighted average rate 137.34 +0.26 Volume of the session 31 060 +21 360 ---------------------------------------------------- ------ ------- Number of deals 118 +9 Number of participants 17 +1 Volume of unsatisfactory offer* 670 -365 Volume of unsatisfactory demand* 12 800 +9 400 Best demand at KASE at closing 137.39 +0.28 Best offer at KASE at closing 137.40 +0.28 ---------------------------------------------------- ------ ------- Best demand at 11:00 out of stock exchange (REUTERS) 137.30 +0.25 Best offer at 11:00 at stock exchange (REUTERS) 137.40 +0.25 --------------------------------------------------------------------- * 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 ------ ------- -------- ----- ----- 137.45 5 1 10:17 10:17 137.40 8800 44 10:45 10:49 137.39 4825 8 10:45 10:59 137.38 745 12 10:24 10:58 137.37 310 8 10:44 10:51 137.36 4320 10 10:40 10:51 137.35 4345 20 10:23 10:52 137.32 2100 3 10:36 10:37 137.30 50 1 10:26 10:26 137.29 5 1 10:30 10:30 137.25 205 5 10:15 10:26 137.21 250 2 10:26 10:26 137.20 100 2 10:26 10:26 137.15 5000 1 10:26 10:26 ------ ------- -------- ----- ----- TOTAL 31060 118 10:15 10:59 --------------------------------------- Trades went through tight positional game of parties and covered reasonably wide range of prices. A single participant bought nearly half of dollars sold, thereby greatly influencing the demand for the greenback. The dollar went up again, the trend remains true since last week. It is hard to predict day trades. Banks ended the session with unstable equilibrium of demand and supply. Mentioned cause of dollar going up is a purely local factor that may disappear at any time. Almost two hours after closing of the morning session in OTC dollar was quoted at KZT137.25/35, At the day trades of KASE at 13:00 p.m. dollar was quoted at 137.30/33, the last deal was made at 137.32. [2004-05-28]