Deals of $3.7m concluded at BICEX, Nov.16

Deals of $3.7m concluded at BICEX, Nov.16
# 16 November 2006 15:34 (UTC +04:00)
The weighted average exchange price made up 0.8716 AZN/USD at trading sessions held at the Baku Interbank Currency Exchange today.
BICEX told APA that the opening price of the morning session on the BEST (Bourse E-system of Trades) was AZN 0.8726 AZN/USD and deals of AZN 1 652 502 were concluded on USD/AZN T+0 instrument. The average exchange rate of manat rose by 0.0010 against USD and stood at 0.8716 AZN/USD at the end of session.
Deals of AZN 1 568 790 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at AZN 0.8716 AZN/USD
According to the results of the sessions, the total volume of the trades on USD/AZN instrument amounted to $3.695m or AZN 3 221 292.
The average cost per deal was $307 917.
On USD/AZN T+1, T+2 instruments and SWAP_USD/AZN in BEST, no deals were closed through lack of demand.
No bids on RUB/AZN and EUR/AZN T+1instruments were made by banks.
In the interbank credit market functioning in the framework of BEST, BakiBOR index counted in line with requests made by market makers constituted 15.12% in manats and 15.45% in USD on 90-day instrument. /APA/