Dollar rate falls again at KASE due to growth of USD offer volume and buyers' incompliance

/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, April 26, 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 132.00 0 Maximum rate 132.50 +0.09 Volume at maximum price 5 -870 Minimum rate 132.00 +0.60 Volume at minimum price 5 0 Rate of the last deal 132.14 -0.23 ---------------------------------------------------- ------ ------- Weighted average rate 132.23 -0.12 Volume of the session 16,000 +675 ---------------------------------------------------- ------ ------- Number of deals 131 +42 Number of participants 17 -1 Volume of unsatisfied offer* 12,380 +10,280 Volume of unsatisfied demand* 1,840 -1,365 Best demand at KASE at closing 132.12 -0.25 Best offer at KASE at closing 132.14 -0.25 ---------------------------------------------------- ------ ------- Best demand at 11:00 out of stock exchange (REUTERS) 132.08 -0.30 Best offer at 11:00 at stock exchange (REUTERS) 132.18 -0.30 --------------------------------------------------------------------- *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 ------ ------- -------- ----- ----- 132.50 5 1 10:15 10:15 132.39 500 2 10:25 10:25 132.38 2590 15 10:17 10:25 132.37 165 5 10:15 10:26 132.36 40 7 10:16 10:29 132.35 520 8 10:19 10:33 132.34 345 4 10:29 10:33 132.31 35 3 10:43 10:43 132.30 425 6 10:43 10:43 132.29 300 1 10:43 10:43 132.26 100 1 10:44 10:44 132.25 1060 8 10:43 10:45 132.21 200 2 10:47 10:47 132.20 1700 17 10:45 10:53 132.19 130 4 10:52 10:52 132.18 990 5 10:53 10:56 132.17 340 4 10:53 10:56 132.16 755 3 10:53 10:55 132.15 4500 27 10:54 10:58 132.14 695 5 10:58 10:59 132.13 500 1 10:59 10:59 132.12 100 1 10:59 10:59 132.00 5 1 10:15 10:15 ------ ------- -------- ----- ----- TOTAL 16000 131 10:15 10:59 --------------------------------------- The session again shows that there are no serious reasons for a long-term consolidation of dollar against tenge. Fixation of price difference has resulted in the high opening of the market and its falling during the whole morning trade. As the whole the morning market today was determined by buyers' incompliance and grown offer volume of banks, which were closing long positions. In all probability, tenge will consolidate its positions more till the end of the day. One hour after closing of the morning session out of stock exchange dollar was quoted at KZT132.10/15, one hour and a half later - 132.03/10. At the day trades of KASE at 12:30 p.m. dollar was quoted at 132.07/10, the last deal was made at 132.09. [2005-04-26]