/IRBIS, Ranida Gabdeyeva, September 24, 04/ - Today at Kazakhstan Stock Exchange (KASE) 162 deals were concluded at the repo floors (including automatic repo sector) for a total amount of KZT 19,915.8 m. Results of trades are given in the table. Repo opening transactions, which are made only through open-trade method, are marked with asterisk.

-------------------------------------------------------------------------
                                     Repo rate, % APR
                     --------------------------------
Type of    Calendar                  weighted average    Volume
Repo         terms,                ------------------       KZT    Number
Deal           Days    min    max  nominal  effective         m  of deals
---------  --------  -----  -----  -------  ---------  --------  --------
Open              3   1.50   3.30     2.08       2.11   7,022.0        61
Open*             7   2.50   2.80     2.53       2.56   1,805.0        13
Open             28   9.00   9.00     9.00       9.38      80.0         1
Open             33   9.01  13.00    10.54      11.08      62.9         2
Open             91  10.00  10.00    10.00      10.38      11.0         1
---------  --------  -----  -----  -------  ---------  --------  --------
Subtotal:                                               8,980.9        78
---------  --------  -----  -----  -------  ---------  --------  --------
Close             1   1.00   2.20     1.53       1.54   9,835.6        62
Close             7   2.65   3.50     3.01       3.05     787.5        11
Close            14   1.50   3.00     1.75       1.77     168.4         6
Close            22   8.10   8.10     8.10       8.41       1.5         1
Close            28   2.30   9.00     8.42       8.76     102.7         3
Close            30   9.00   9.00     9.00       9.38      39.2         1
---------  --------  -----  -----  -------  ---------  --------  --------
Subtotal:                                              10,934.9        84
---------  --------  -----  -----  -------  ---------  --------  --------
TOTAL:                                                 19,915.8       162
-------------------------------------------------------------------------

By open trades method (in automatic repo sector) volume of 148 deals totaled KZT 17,970.0 m including 73 (KZT 8,722.0 m) repo opening deals and 75 repo closing (KZT 9,247.9 m). Indicator TONIA according to trades' results totaled 2.09% APR and increased by 0.50 relative to previous day.

Dynamics of repo rates (repo opening. comparable terms) is bets described by following indicators:

-----------------------------------------------
Term calendar        Today  Previous day
        days.  rate. % APR   rate. % APR  Trend
-------------  -----------  ------------  -----
       7 days         2.53          2.78  -0.25
      28 days         9.00          8.64  +0.36
      33 days        10.54         11.99  -1.45
-----------------------------------------------

Positions of major categories of participants in the market of repo were as follows (based on net positions of opening transactions; in volumes "+" - borrowing. "-" - lending; trends in percents relative to previous trading day).

Pension system entities: +0.2% (KZT -3,535.0 m), 6 participants.

Second tier banks (STB):

• KZT +8,371.0 m (borrowing, 6 banks), KZT -4,864.0 m (lending, 7 banks);
• direct GS repo: +105.0; at the open trade market of GS (auto repo sector) KZT +3,402.0 m;
• resulting balance was KZT +3,507.0 m (on previous day it was equal to KZT +615.6 m).

National Bank did not participate in the repo sector.

[2004-09-24]