/IRBIS, Sep.8, 00/ - Today the next morning trades in U.S. dollars, Deutsche marks and euros with TOD payment terms were held at Kazakhstan stock exchange (KASE). 19 banks participated in the trades.

Today the trades in U.S. dollars opened at KZT142.97 per unit. Total of 112 deals were made. Weighted average dollar exchange rate equaled to KZT142.97 (+0.17) per unit. Volume of the session - $15.975 mln (+$8.730 mln). Exchange rate fluctuation during the trade - 0.04%. The trades were closed at KZT142.95/96 per dollar.

Today the trades were characterized by a noticeable increase in the demand of the second tier banks for the U.S. dollar, which in turn affected the monopolization degree of the USD supply. More than 70% of all the American currency sold on the trade floor today originated from just one participant. Active buyers stimulated fast growth of the dollar exchange rate in the first half of the session to the maximum of KZT143.01 per unit. Subsequent loss of interest by the dealers to buying dollars became the reason for a sharp fall of the dollar exchange rate down to KZT142.95. Final compromise between the sellers and the buyers has been found at KZT142.95 -142.96 per dollar interval, where the remaining trades were held.

The results of the trades show that tenge to dollar exchange rate is reaching its maximum and that the banks are losing their interest in increasing the exchange rate.

One hour after closing of the morning session on interbank over-the-counter market of Kazakhstan dollar was quoted at KZT142.93/97 per unit. Two hours later - KZT142.96/99 . At the day session of KASE with TOD payment terms at 12:30PM the dollar quoted at KZT142.93/98 per unit.

Deutsche mark, morning session, TOD: no deals. Closing demand - KZT63.75 for a mark, no offer.

Euro, morning session, TOD: no deals. Closing quotations were absent.