Dollar market attempts to fix slightly above 135.00

/IRBIS, Andrey Tsalyuk, September 21, 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 session and comparison with corresponding indicators of previous morning session (TOM terms). Table of trade results (tenge per dollar, th. dollars) --------------------------------------------------------------------- Indicator Value Trend ---------------------------------------------------- ------ ------- Rate of the first deal 135.20 -0.30 Maximum rate 135.80 +0.20 Volume at maximum price 5 0 Minimum rate 135.11 -0.09 Volume at minimum price 5 0 Rate of the last deal 135.37 -0.09 ---------------------------------------------------- ------ ------- Weighted average rate 135.41 -0.02 Volume of the session 25,200 +19,365 ---------------------------------------------------- ------ ------- Number of deals 213 +116 Number of participants 19 +6 Volume of unsatisfactory offer* 4,330 +3,015 Volume of unsatisfactory demand* 3,230 +650 Best demand at KASE at closing 135.37 -0.08 Best offer at KASE at closing 135.38 -0.09 ---------------------------------------------------- ------ ------- Best demand at 11:00 out of stock exchange (REUTERS) 135.20 -0.22 Best offer at 11:00 at stock exchange (REUTERS) 135.30 -0.22 --------------------------------------------------------------------- *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 ------ ------- -------- ----- ----- 135.80 5 1 10:15 10:15 135.50 50 1 10:21 10:21 135.48 50 1 10:21 10:21 135.47 100 2 10:21 10:21 135.45 5 1 10:21 10:21 135.44 50 1 10:22 10:22 135.43 1100 12 10:26 10:30 135.42 17,365 102 10:21 10:30 135.41 200 3 10:23 10:30 135.40 50 1 10:31 10:31 135.39 15 2 10:39 10:42 135.38 760 11 10:38 10:42 135.37 800 16 10:32 10:59 135.36 2,815 38 10:33 10:58 135.35 1,450 13 10:34 10:51 135.34 325 5 10:34 10:36 135.33 50 1 10:34 10:34 135.20 5 1 10:15 10:15 135.11 5 1 10:15 10:15 ------ ------- -------- ----- ----- TOTAL 25,200 213 10:15 10:59 --------------------------------------- Market demonstrated close parity between demand and supply during the session and compared to previous day results. Significant growth of dollar supply from traditional suppliers was fully neutralized by demand. Demand monopolization level exceeded the same ratio of supply side. Trade results suggest that market is not so keen to move upward after tax payment period. It just tries out to fix on the level reached yesterday. Such outcome is unlikely as dollar sales by exporters have been large than expected. Most probably, dollar will loss points till the end of the day. One hour after closing of the morning session out of stock exchange dollar was quoted at KZT135.20/30, two hours - 135.09/19. At the day session of KASE at 12:45 p.m. dollar was quoted at 135.13/17, the last deal was made at 135.12. [2004-09-21]