Results of trades in US dollar at the morning (main) session of KASE on February 16

/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, February 16, 06/ - Today the next morning trades in U.S. dollar were held on 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 131.15 -0.16 Maximum rate 131.50 +0.19 Volume at maximum price 5 0 Minimum rate 131.08 -0.02 Volume at minimum price 5 0 Rate of the last deal 131.12 -0.08 --------------------------------------------------- ------ ------- Weighted average rate 131.13 -0.10 Volume of the session 19,650 -97,365 --------------------------------------------------- ------ ------- Number of deals 92 -17 Number of participants 19 +1 Volume of unsatisfied offer* 4,600 -31,795 Volume of unsatisfied demand* 8,200 +7,800 Best bid on KASE at closing 131.11 -0.09 Best offer on KASE at closing 131.14 -0.07 --------------------------------------------------- ------ ------- Best bid at 11:00 out of stock exchange (REUTERS) 131.07 -0.10 Best offer at 11:00 out of stock exchange (REUTERS) 131.11 -0.09 -------------------------------------------------------------------- * 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 ------ ------- -------- ----- ----- 131.50 5 1 10:15 10:15 131.16 200 2 10:43 10:44 131.15 2705 8 10:15 10:53 131.14 2200 12 10:15 10:56 131.13 5100 17 10:19 10:56 131.12 5510 30 10:19 10:57 131.11 705 6 10:20 10:24 131.10 3220 15 10:21 10:23 131.08 5 1 10:23 10:23 ------ ------- -------- ----- ----- TOTAL 19650 92 10:15 10:57 --------------------------------------- The abruptly fallen USD offer volume today resulted in the development of positional trade. Under the influence of yesterday the market was opened on a low level, but afterwards stopped falling and consolidated between 131.10 and 131.15. Falling of weighted average rate was caused only by low price of the first representative deals. Reasons, on which banks today suddenly reduced USD sales volume, are unclear for analysis of IRBIS. The notable feature of the session is a specific disposition of banks on KASE. Almost all STBs today were either only selling, or only buying dollars (usually traders work in "both directions"). At that, number of USD net-buyers and net-sellers was approximately equal. Results of technical analysis do not give new targets and say about market's tending to further strengthening of tenge. Although some correcting growth of dollar, the target of which seems to be at 131.40, is quite possible. At the day trades of KASE at 1:08 p.m. dollar was quoted at 131.08/10, the last deal was made at 131.10. Volume of exchange transactions at the day trades by the mentioned time didn't exceeded $1.0 m. Out of stock exchange at 1:08 dollar was quoted at 131.00/07. [2006-02-16]