/IRBIS, Sep.22, 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). 15 banks participated in the trades.

Today the trades in U.S. dollars opened at KZT142.60 per unit. Total of 48 deals were made. Weighted average dollar exchange rate equaled to KZT142.65 (+0.04) per unit. Volume of the session - $2.940 mln (-$4.385 mln). Exchange rate fluctuation during the trade - 0.06%. The trades were closed at KZT142.65/66 per dollar.

The market conjuncture changed today, which usually happens on Fridays. Essential demand for the U.S. dollar appeared on the trade floor of the Exchange, created by the banks of the second tier. Supply decreased though. It should be noted only that compared to a few previous sessions, the trade volume was smaller. Therefore, increase in demand should be measured solely against the volume of supply, and not in absolute terms.

As a whole, it seems as if free money, that the National Bank was unable to tie up with the notes during this week due to their low yields, are working at the Exchange. At the same time, it would not be correct to say that the banks rushed to buy the dollars and reconsidered their tactics on the currency market. The exchange rate of the dollar is just having a compensatory upward move after a long fall. As it happened before, these fluctuations are taking place around the official rate of the USD.

The dynamics of the exchange rate during the trades demonstrated a parity between the demand and supply. After a sharp hike of the market on the first two deals with minimal volumes from KZT142.60 to KZT142.69 the price of the USD at the Exchange began to decrease quickly, reaching KZT142.64 mark by the middle of the trades. Subsequent traditional activation of the buyers caused compensatory growth in the exchange rate of the dollar with further stabilization in last minutes of the session at KZT142.66 level.

One hour after closing of the morning session on interbank over-the-counter market of Kazakhstan dollar was quoted at KZT142.63/67 per unit, two hours later - at KZT142.61/66. At the day session of KASE with TOD payment terms at 12:30PM the dollar quoted at KZT142.64/67 per unit.

Deutsche mark, morning session, TOD: no deals. Closing quotations - KZT62.60/63.00 for a mark.

Euro, morning session, TOD: no deals. Closing offer - KZT123.20 for an euro, no demand.