KZT/USD at closing - 131.68 / 131.70 (indicators)

/IRBIS, 06.08.99/ - According to REUTERS, at closing, the Kazakhstan over-the-counter exchange market valued KZT per USD, at 131.70 (demand)/ 131.60 (supply) with weighted average exchange price 131.64 (-0.07) and closing quotations 131.64 / 131.65. In comparison with closing of the previous day the quotations of the dealers have increased by 0.08 tenge per dollar - for demand, and by 0.05 tenge per dollar - for supply. After closing the trade the quotations of dollar in the interbank market varied about the average weighted market rate. The prices of demand were by 7-9 points less, the prices of offer - by 1-2 points more, that allows to speak about stability. In comparison with the yesterday quoting in the REUTERS information system was carried out more active. The character of the "overnight" interbank quotations (1 demand against 4 offer) allow to judge that it is still enough of free money in the market. The rates of the short-term repo continue to decrease. Today is the first day of selling of dollars under conditions of tenge rate increasing. Till this moment the banks of the second tier tried to counteract to the dollar rate reduction and did not open short positions. According to the interrogation conducted by REUTERS, increase of volume of trade by dollar on KASE during the last two days may be explained mostly at the expense of the sale of constantly cheapening dollar with the purpose of purchasing in the state securities sector. According to the IRBIS' analysts opinion, on Monday tenge rate may somewhat increase and tenge will keep its attractiveness.