U.S. dollar market of Kazakhstan: day and year results

/IRBIS, Andrey Tsalyuk, Sergey Yakovlev, December 31, 04/ - Today the next morning trades in U.S. dollar were held at Kazakhstan Stock Exchange (KASE) on TOD payment terms, which ended the exchange's currency market in the year 2004. 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 130.00 0 Maximum rate 130.02 -0.18 Volume at maximum price 1100 +1095 Minimum rate 129.99 -0.01 Volume at minimum price 28400 -19050 Rate of the last deal 130.02 +0.02 ---------------------------------------------------- ------ ------- Weighted average rate 130.00 0 Volume of the session 97,600 +46,545 ---------------------------------------------------- ------ ------- Number of deals 68 +39 Number of participants 15 -1 Volume of unsatisfactory offer* 2,700 -2,400 Volume of unsatisfactory demand* 9,700 -8,350 Best demand at KASE at closing 130.00 0 Best offer at KASE at closing 130.03 +0.02 ---------------------------------------------------- ------ ------- Best demand at 11:00 out of stock exchange (REUTERS) 129.96 +0.05 Best offer at 11:00 at stock exchange (REUTERS) 130.02 +0.02 --------------------------------------------------------------------- * 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 ------ ------- -------- ----- ----- 130.02 1100 3 10:59 10:59 130.01 3000 6 10:35 10:56 130.00 65100 24 10:16 10:35 129.99 28400 35 10:21 10:31 ------ ------- -------- ----- ----- TOTAL 97600 68 10:16 10:59 --------------------------------------- Parameters of unsatisfied demand and supply of second tier banks in trading system of KASE for the last 5 days (the amount of valid bids by the time of morning and day trades closing, th. USD) --------------------------------------------------------------------------- Indicator Dec. 27, 04 Dec. 28, 04 Dec. 29, 04 Dec. 30, 04 Dec. 31, 04 ---------- ----------- ----------- ----------- ----------- ----------- Bid 5,950 7,980 8,600 13,450 2,700 Ask 19,200 18,345 13,045 20,850 9,700 ---------- ----------- ----------- ----------- ----------- ----------- Difference +13,250 +10,365 +4,445 +7,400 +7,000 --------------------------------------------------------------------------- The final trades of this year have not brought anything new to the market. Degree of demand monopolization is still high. One hour after closing of the morning session out of stock exchange dollar was quoted at KZT129.96/130.03. According to preliminary data volume of transactions in foreign currency at KASE in 2004 reached the equivalent of USD9,449.4 m. or KZT1,270.4 bn. and has grown in comparison with 2003 by 47.3% in dollar equivalent and by 33.2% in tenge equivalent. Judging on the exchange's weighted average rate of the main session, in the year 2004 tenge strengthened against dollar by 9.30% in nominal expression. Corresponding figure of the year 2003 is 8.03%. [2004-12-31]