Deals of $4.75mn closed at BICEX, Oct. 12

Deals of $4.75mn closed at BICEX, Oct. 12
# 12 October 2006 15:32 (UTC +04:00)
The weighted average exchange price made up 0.8734 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 0.8734AZN/USD and deals of AZN 567 645 were concluded on USD/AZN T+1 instrument. The manat exchange rose 0.0004 against USD and stood at 0.8730AZN/USD at the end of the session.
Deals of AZN 3 581 125 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at AZN 0.8734 AZN/USD 1.
According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $4 750 000 or AZN 4 148 770.
The average cost per deal was $791 667.
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 14.70% in manats and 15.75% in USD on 90-day instrument. /APA/