The first productive additional session in foreign exchanges was held on KASE

/IRBIS, Jan.03, 00/ - Today on the Kazakhstan stock exchange (KASE) the next additional (day) trades in US dollar, deutsche mark and euro under the TOD accounts were held. For the first time since November 29, 1999 (date of the first additional session opening) the trades have appeared productive. It became possible due to activity on the Exchange's platform of the USD market maker - Bank TuranAlem. According to its responsibilities, the market maker during all additional session maintains in trade system KASE so-called firm dollar purchase and sale quotes with a strictly regulated spread. Such market maker activity guarantees for other exchange's members USD purchase or selling on KASE under the TOD accounts at the market prices not only during morning (main) session, which is conducted from 10:15AM till 11:00AM Almaty time, but also from 11:30AM till 3:30PM. Today during additional trades in US dollar two participants concluded five transactions to the total sum of $1,600,000. Dollar has been traded at the price interval of 139.31 - 139.33 tenges for unit. At the session closing the dollar quotation have made 139.30/33.