Deals of $3.96m concluded at BICEX, Nov.29

Deals of $3.96m concluded at BICEX, Nov.29
# 29 November 2006 15:51 (UTC +04:00)
The weighted average exchange price made up 0.8719 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 1 577 637 were concluded on USD/AZN T+0 instrument. The average rate of manat rose by 0.0002 against USD and stood at 0.8716 AZN/USD.
Deals of AZN 1 874 020 were closed on USD/AZN T+0 instrument in the midday trading.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $3.96m or AZN 3 451 657.
The average cost per deal was $360 000.
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 14.68% in manats and 14.90% in USD on 90-day instrument.
Two deals of USD 500 and 550 for 4 and 30 days were also closed by banks. /APA/