Dollar rate stabilized on the morning session

/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, August 20, 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 136.65 +0.60 Maximum rate 136.65 +0.32 Volume at maximum price 1100 +600 Minimum rate 136.31 +0.26 Volume at minimum price 5 0 Rate of the last deal 136.47 +0.15 ---------------------------------------------------- ------ ------ Weighted average rate 136.49 +0.22 Volume of the session 8 340 -1 050 ---------------------------------------------------- ------ ------ Number of deals 91 -4 Number of participants 15 -2 Volume of unsatisfactory offer* 5 960 +4 560 Volume of unsatisfactory demand* 2 825 -1 225 Best demand at KASE at closing 136.45 +0.13 Best offer at KASE at closing 136.47 +0.12 ---------------------------------------------------- ------ ------ Best demand at 11:00 out of stock exchange (REUTERS) 136.46 +0.21 Best offer at 11:00 at stock exchange (REUTERS) 136.56 +0.21 ------------------------------------------------------------------ * 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 ------ ------- -------- ----- ----- 136.65 1100 2 10:15 10:16 136.64 200 3 10:22 10:24 136.63 50 1 10:29 10:29 136.60 300 3 10:33 10:33 136.58 100 2 10:33 10:33 136.57 210 3 10:35 10:35 136.56 365 7 10:36 10:41 136.55 320 4 10:17 10:41 136.54 460 4 10:41 10:42 136.53 210 3 10:43 10:43 136.52 110 3 10:44 10:44 136.47 515 9 10:45 10:59 136.46 1085 8 10:47 10:59 136.45 500 4 10:47 10:55 136.43 200 1 10:55 10:55 136.42 300 1 10:47 10:47 136.41 10 1 10:47 10:47 136.40 500 3 10:48 10:54 136.38 310 2 10:49 10:49 136.36 925 20 10:49 10:53 136.35 565 6 10:49 10:51 136.31 5 1 10:41 10:41 ------ ------- -------- ----- ----- TOTAL 8340 91 10:15 10:59 ----------------------------------- Yesterday developments forced market to open high. However, seller did not manage to retain positions and lowered dollar supply. Almost all banks that were sellers in recent days moved to purchase positions. This provoked resistance of buyers and strengthening of tenge during the session. Growth of weighted average rate was achieved mainly due to high opening of the market. Results of the morning session do not allow to suggest recent 3-day term as stable movement. Most likely market will turn down and seek for new equilibrium. One hour after closing of the morning session out of stock exchange dollar was quoted at KZT136.40/50, two hours later - 136.53/69. At the day trades of KASE at 1:00 p.m. dollar was quoted at 136.53/58, the last deal was made at 136.53. [2004-08-20]