U.S. dollar market of Kazakhstan: day results

/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, August 20, 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 136.65 +0.60 136.42 -0.15 - - ---------------------- --------- ------- ------ ----- ------ ----- Maximum rate 136.65 +0.32 136.56 -0.11 - - Volume on max. Price 1100 +600 100 0 0 -3000 ---------------------- --------- ------- ------ ----- ------ ----- Minimum rate 136.31 +0.26 136.26 -0.22 - - volume on min. Price 5 0 5 -265 0 -3000 ---------------------- --------- ------- ------ ----- ------ ----- Closing rate 136.47 +0.15 136.32 -0.28 - - ---------------------- --------- ------- ------ ----- ------ ----- Weight. aver. rate 136.49 +0.22 136.40 -0.17 - - Volume of the session 8340 -1050 10480 +4850 0 -3000 Number of deals 91 -4 66 +42 0 -1 Number of participants 15 -2 15 -1 0 -2 ---------------------- --------- ------- ------ ----- ------ ----- Best ask* 136.45 +0.13 136.32 -0.28 - - Best bid* 136.47 +0.12 136.33 -0.28 - - ---------------------- --------- ------- ------ ----- ------ ----- REUTERS Bid* 136.46 +0.21 136.23 -0.33 136.26 -0.30 REUTERS Ask* 136.56 +0.21 136.33 -0.33 136.36 -0.30 ------------------------------------------------------------------ * 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 ------ ------ ----- ------ ----- ------ ----- ----- ----- 136.65 1100 2 1100 2 10:15 10:16 136.64 200 3 200 3 10:22 10:24 136.63 50 1 50 1 10:29 10:29 136.60 300 3 300 3 10:33 10:33 136.58 100 2 100 2 10:33 10:33 136.57 210 3 210 3 10:35 10:35 136.56 365 7 100 1 465 8 10:36 13:53 136.55 320 4 320 4 10:17 10:41 136.54 460 4 460 4 10:41 10:42 136.53 210 3 600 2 810 5 10:43 12:39 136.52 110 3 400 2 510 5 10:44 14:03 136.51 200 1 200 1 12:19 12:19 136.48 600 3 600 3 14:04 14:05 136.47 515 9 300 1 815 10 10:45 11:58 136.46 1085 8 300 1 1385 9 10:47 11:58 136.45 500 4 300 1 800 5 10:47 14:05 136.43 200 1 700 5 900 6 10:55 14:06 136.42 300 1 600 2 900 3 10:47 14:06 136.41 10 1 500 3 510 4 10:47 14:06 136.40 500 3 500 3 10:48 10:54 136.39 300 2 300 2 14:07 14:07 136.38 310 2 400 2 710 4 10:49 14:10 136.37 700 3 700 3 14:10 15:11 136.36 925 20 795 6 1720 26 10:49 15:10 136.35 565 6 700 3 1265 9 10:49 14:44 136.34 410 5 410 5 14:20 14:34 136.33 395 2 395 2 14:20 15:15 136.32 400 3 400 3 14:59 15:29 136.31 5 1 650 6 655 7 10:41 15:17 136.30 1020 9 1020 9 14:21 15:29 136.29 100 1 100 1 15:18 15:18 136.27 5 1 5 1 15:18 15:18 136.26 5 1 5 1 15:18 15:18 ------ ------ ----- ------ ----- ------ ----- ----- ----- TOTAL 8340 91 10480 66 18820 157 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 16, 04 Aug 17, 04 Aug 18, 04 Aug 19, 04 Aug 20, 04 ---------- ---------- ---------- ---------- ---------- ---------- Bid 650 2,335 5,200 3,600 9,060 Ask 6,830 7,120 2,800 6,150 4,985 ---------- ---------- ---------- ---------- ---------- ---------- Difference +6,180 +4,785 -2,400 +2,550 -4,075 ----------------------------------------------------------------- Today dollar market was unpredictable. At KASE traders conducted positional trades preferring to work with small volume. Tenge liquidity deficit had a decisive impact on the market. This factor confirmed by growing overnight repo rate together with low demand on National Bank notes at floatation did not allow dollar sellers to play upward. Buyers appeared to be reluctant. As a result on the afternoon market traders of banks that serve exporters were forced to sell dollar at falling price. It should be noted that volume of trades compared to Thursday did not change. Deficit of tenge liquidity did not result in growing supply of dollar and closing of long positions. Thus, it follows that on the next week market would not go downward. It will just consolidate itself. However, tenge would likely to grow till the mid of last decade of August. [2004-08-20]