Deals of $1.1 million concluded on BICEX, May 19

Deals of $1.1 million concluded on BICEX, May 19
# 19 May 2009 15:25 (UTC +04:00)
Baku. Nijat Mustafayev-APA-Economics. The weighted average exchange price made up 0.8031 AZN/USD at trading sessions on the Baku Interbank Currency Exchange today.

BICEX said the opening price of the morning session on the BEST (Bourse E-system of Trades) was 0.8031 AZN/USD and deals o AZN 401 550 were closed on USD/AZN T+0 instrument.

Deals of AZN 490 257 were closed on USD/AZN T+0 instrument in the midday trading. The exchange rate of manat stood at 0.8031 AZN/USD.

According to the results of the two sessions, the total volume of the trades on USD/AZN instrument amounted to $1.1 million or AZN 891 807.
The average cost per deal was $370 000.

In the interbank credit market functioning in the framework of BEST, BakiBOR index counted in line with requests made by market makers constituted 15.81% in manats and 16.31% in USD on 90-day instrument.
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THE OPERATION IS BEING PERFORMED