U.S. dollar market of Kazakhstan: day results

/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, August 18, 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) 10:15 - 11:00 ALT 11:30-15:30 14:00-18:00 KASE's session ----------------- ------------ ------------ Time -------- -------- ------ ----- ------ ----- Indicator Value Trend Value trend value trend ---------------------- -------- -------- ------ ----- ------ ----- Opening rate 135.80 +0.80 136.18 -0.10 - - ---------------------- -------- -------- ------ ----- ------ ----- Maximum rate 136.50 +0.33 136.26 -0.32 - - Volume on max. Price 5 -955 800 +500 0 0 ---------------------- -------- -------- ------ ----- ------ ----- Minimum rate 135.80 +0.80 136.15 -0.13 - - volume on min. Price 5 0 300 0 0 0 ---------------------- -------- -------- ------ ----- ------ ----- Closing rate 136.25 +0.08 136.16 -0.41 - - ---------------------- -------- -------- ------ ----- ------ ----- Weight. aver. rate 136.28 +0.12 136.20 -0.29 - - Volume of the session 13270 -22760 4500 -4370 0 0 Number of deals 124 -85 27 -17 0 0 Number of participants 20 0 11 -3 0 0 ---------------------- -------- -------- ------ ----- ------ ----- Best ask* 136.24 +0.08 136.15 -0.40 - - Best bid* 136.26 +0.08 136.19 -0.38 - - ---------------------- -------- -------- ------ ----- ------ ----- REUTERS Bid* 136.15 +0.08 136.13 -0.39 136.14 -0.33 REUTERS Ask* 136.25 +0.08 136.23 -0.39 136.24 -0.33 ------------------------------------------------------------------ * 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 ------ ------ ----- ------ ----- ------ ----- ----- ----- 136.50 5 1 5 1 10:15 10:15 136.30 6200 38 6200 38 10:31 10:37 136.29 450 6 450 6 10:31 10:39 136.28 580 9 580 9 10:31 10:49 136.27 3770 42 3770 42 10:31 10:54 136.26 1200 15 800 4 2000 19 10:41 14:31 136.25 1060 12 1060 12 10:41 10:59 136.23 340 2 340 2 12:03 15:00 136.21 300 1 300 1 15:00 15:00 136.20 500 3 500 3 11:58 15:16 136.19 100 1 100 1 15:14 15:14 136.18 1010 7 1010 7 11:35 15:26 136.17 800 4 800 4 11:55 15:26 136.16 350 4 350 4 15:27 15:29 136.15 300 1 300 1 11:37 11:37 135.80 5 1 5 1 10:15 10:15 ------ ------ ----- ------ ----- ------ ----- ----- ----- TOTAL 13270 124 4500 27 17770 151 10:15 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 Aug 12, 04 Aug 13, 04 Aug 16, 04 Aug 17, 04 Aug 18, 04 ---------- ---------- ---------- ---------- ---------- ---------- Bid 5,110 4,970 650 2,335 5,200 Ask 7,630 12,080 6,830 7,120 2,800 ---------- ---------- ---------- ---------- ---------- ---------- Difference +2,520 +7,110 +6,180 +4,785 -2,400 ----------------------------------------------------------------- Day results allow to confirm exhaustion of consecutive short-term growth potential of dollar. This potential was mainly realized on speculative demand. In the morning market went up on inertial mood on the background of decreased volume of operations. However, usual for this time growth of overnight repo rates displayed fall of sort-term liquidity of banks. This factor and floatation of MEOKAM-72 for KZT 9,125.0 m (demand - KZT 15,410.0 m) forced market to went down. Results of day trades on KASE indicated that only a sole trader closed long positions. Yet, it looks like that on Thursday other participants will join him; dollar supply will exceed demand thus forcing market to go down. [2004-08-18]