Deals of $124.5m concluded at BICEX, Dec. 28

Deals of $124.5m concluded at BICEX, Dec. 28
# 28 December 2006 15:32 (UTC +04:00)
The weighted average exchange price made up 0.8714 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 0.8715 AZN/USD and deals of AZN 95 544 260 were closed on USD/AZN T+0 instrument. The manat exchange rose by 0.0001 against US dollar and stood at 0.8714 AZN/USD.
Deals of AZN 12 954 848 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat against the US dollar made 0.8715 AZN/USD.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $124.505m or AZN 108 499 108.
The average cost per deal was $8 893 214.
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 14.40% in manats and 14.50% in USD on 90-day instrument. /APA/