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Dynamics of changes in some economic segments

Politics Materials 19 September 2007 12:01 (UTC +04:00)

Oil market

Last week (10 - 14 September) Light Sweet futures prices at the New York merchantile Exchange (NYMEX) set new records, beginning from 11 September. On the day the October futures for Light Sweet braised by 0.95% to $78.23 per barrel, which exceeded the previous record while closing on 31 July and made up $78.21 per barrel. Next day record was covered. As a result of trading sessions on 12 September the October futures for Light Sweet jumped by 2.10% to $79.91 per barrel. During the session they exceeded $80 - $80.05 per barrel. On 13 September the prices increased. The October Октябрьские futures for Light Sweet closed at $80.09 per barrel, rechae dthe point at $80.15. On 14 September the daily record was anew beaten: in mid-day the cober futures for Light Sweet went up by $80.36 per barrel. However, the fixation of incomes resulted in drop of quotes. As a result of the trading session on 14 September the October futures for Light Sweet fell by $0.99 to $79.10; October futures for Brent dropped by $0.90 to $76.22.

Currency market

Last week (10 -14 September) the official rate of the manat against the US dollar, set by the National Bank of Azerbaijan rose by 0.0002 points or 0.02%. The average rate was established at 0.85198 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 10 September (0.8521 manats to 1 US dollar), the minimum on 13 and 14 September (0.8519 to 1 US dollar).

As a result of last week's exchange rate of the Azerbaijani manat against the US dollar, established on the basis of results of the Baku Interbank Currency Exchange (BICEX), decreased by 0.0001 points or 0.01%. The average rate was fixed at 0.85192 to 1 US dollar.

Last week the maximum rate of the US dollar against the manat was established on 12 September (AZN 0.8520 to 1 US dollar), the minimum on 10-14 September (AZN 0.8519 to 1 US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $11.6 with an average sustained exchange rate of 0.8519 AZN/USD on 10 September, $9.66mln with an average sustained rate of 0.8519 AZN/USD on 11 September, $6.3mln with an average sustained rate of 0.8520 AZN/USD on 12 September, $9mln with an average sustained rate of 0.8519 AZN/USD on 13 September and $3mln with the rate of 0.8519 AZN/USD on 14 September

No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to an absence of appeals by dealers. The banks did not make appeals for RUB/AZN and EUR/AZN instruments at BEST.

Privatization shares market

In this period the price of vouchers increased by AZN 1 compared to the previous week and made up AZN 13. The allocation of privatization vouchers expires on the 1 January 2008.

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