/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, March 15, 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                                 129.30    +0.29
Maximum rate                                           129.30    +0.29
Volume at maximum price                                     5        0
Minimum rate                                           128.30    -0.20
Volume at minimum price                                     5        0
Rate of the last deal                                  128.46    -0.34
----------------------------------------------------  -------  -------
Weighted average rate                                  128.51    -0.29
Volume of the session                                 156,670  +44,985
----------------------------------------------------  -------  -------
Number of deals                                           166      +33
Number of participants                                     19       -2
Volume of unsatisfied offer*                           23,905   +1,060
Volume of unsatisfied demand*                           1,800     +600
Best demand on KASE at closing                         128.47    -0.32
Best offer on KASE at closing                          128.48    -0.32
----------------------------------------------------  -------  -------
Best demand at 11:00 out of stock exchange (REUTERS)   128.40    -0.34
Best offer at 11:00 out of stock exchange (REUTERS)    128.50    -0.28
----------------------------------------------------------------------
* 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
------  -------  --------  -----  -----
129.30        5         1  10:15  10:15
128.70        5         1  10:16  10:16
128.60    50995        42  10:16  10:19
128.55      100         1  10:22  10:22
128.53      500         1  10:38  10:38
128.52     1085         7  10:35  10:41
128.51     1720         7  10:27  10:42
128.50     3000         9  10:27  10:42
128.49      300         2  10:44  10:44
128.48     9905        36  10:44  10:54
128.47    86000        50  10:47  10:59
128.46     3050         8  10:50  10:59
128.30        5         1  10:16  10:16
------  -------  --------  -----  -----
TOTAL    156670       166  10:15  10:59
---------------------------------------

The session demonstrated the next strengthening of tenge due to growth of USD offer volume. Banks' disposition on KASE relative to previous days is almost unchanged. There is just some falling of banks' activity in opening of long positions for speculative purchase of USD. Degree of demand monopolization on the exchange's market is still very high.

Results of technical analysis say about the considerable degree of dollar over-sale, and in accordance with this probability of development of market's technical correction upward grows. However these signals contradict to traders' unambiguous expectations of strengthening of tenge positions against dollar and should hardly be taken into account now.

At the day trades of KASE at 12:25 p.m. dollar was quoted at 128.41/43, the last deal was made at 128.42. Out of stock exchange at 12:25 dollar was quoted at 128.37/41.

[2006-03-15]