Deals of $11.7m concluded at BICEX, Nov.22

Deals of $11.7m concluded at BICEX, Nov.22
# 22 November 2006 16:03 (UTC +04:00)
The weighted average exchange price made up 0.8715 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 0.8718 AZN/USD and deals of AZN 2 773 950 were concluded on USD/AZN T+0 instrument. The average exchange rate of manat rose by 0.0003 against USD and stood at 0.8715 AZN/USD at the end of session.
Deals of AZN 7 381 605 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at 0.8715 AZN/USD
According to the results of the sessions, the total volume of the trades on USD/AZN instrument amounted to $11 650 000 or AZN 10 155 555.
The average cost per deal was $1 294 444.
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 14.60% in manats and 14.76% in USD on 90-day instrument. /APA/