Deals of $3.35m concluded at BICEX, Nov.24

Deals of $3.35m concluded at BICEX, Nov.24
# 24 November 2006 15:00 (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 0.8717 AZN/USD.
Deals of AZN 2 919 860 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat rose 0.0001 against USD and 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 $3 350 000m or AZN 2 919 860.
The average cost per deal was $837 500.
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 14.63% in USD on 90-day instrument. /APA/