The growing offer of USD at AKSE promotes to gradual falling of dollar rate

/IRBIS, Andrey Tsalyuk, Sergey Yakovlev, February 3, 05/ - 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 130.50 0 Maximum rate 130.50 0 Volume at maximum price 5 0 Minimum rate 130.01 +0.01 Volume at minimum price 5 0 Rate of the last deal 130.06 -0.12 ---------------------------------------------------- ------ ------- Weighted average rate 130.08 -0.05 Volume of the session 20,780 +8,825 ---------------------------------------------------- ------ ------- Number of deals 44 0 Number of participants 16 0 Volume of unsatisfactory offer* 13,350 +10,450 Volume of unsatisfactory demand* 4,365 -13,980 Best demand at KASE at closing 130.06 -0.09 Best offer at KASE at closing 130.08 -0.10 ---------------------------------------------------- ------ ------- Best demand at 11:00 out of stock exchange (REUTERS) 129.99 -0.08 Best offer at 11:00 at stock exchange (REUTERS) 130.09 -0.08 --------------------------------------------------------------------- *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 ------ ------- -------- ----- ----- 130.50 5 1 10:15 10:15 130.11 280 2 10:19 10:20 130.10 1880 18 10:15 10:26 130.09 5890 31 10:29 10:37 130.08 3700 9 10:41 10:45 130.07 6020 29 10:46 10:59 130.06 3000 1 10:59 10:59 130.01 5 1 10:15 10:15 ------ ------- -------- ----- ----- TOTAL 20780 92 10:15 10:59 --------------------------------------- Banks continued the positional haggling, during which the market was gradually falling because USD offer volume today grew. In all probability, first lots of exporters' January proceeds are appearing and forming priority of offer over demand. One hour after closing of the morning session out of stock exchange dollar was quoted at KZT130.05/11, two hours later - 130.02/12. At the day trades of KASE at 1:00 p.m. dollar was quoted at 130.07/11, the last deal was made at 130.09. [2005-02-03]