At KASE banks of the second tier keep selling dollars

/IRBIS, Aug.20, 99/ - The next trades with the US dollar, Deutsche mark were held at KASE. 23 banks participated in the trades. The trades were opened with the US dollar at 131.85 tenge per unit of the currency. The second deal immediately hoisted the exchange rate up to 131.89. None of the dealers could break through this level today, though after a short fall of dollar exchange rate, at the 8th minute the price of American currency was back at 131.89. Today the market was characterized by large volumes of dollar sales by the banks of the second tier. Supply obviously exceeded demand, and as a result at the 15th minute of the trades dollar went down to 131.83 per unit of the currency, and most of the remaining part of the session went within a narrow interval 131.83 - 131.84. By the end of the session dollar fell even lower - 131.81. Only at the very end of the session sellers could act bullish and boost the price; the trades were closed at 131.83 (demand) / 131.84 (supply). 256 deals were made on US dollars. The weighted average dollar exchange rate has made 131.83 tenge per unit of the currency, and compared to the results of the previous session went down by 0.08 tenge (8 points). The trade volume of the session - $14.865 mln - has increased relative to that of the latest trades by $8.710 thousand. The exchange rate fluctuation during the trade was 0.06%. In general, the trades were similar to that of the previous day: the same banks of the second tier were selling dollars. One hour after closing of the trades at over-the-counter market of Kazakhstan dollar was quoted at 131.80 (demand) / 131.90 (supply) tenge per unit of the currency. One deal was made on Deutsche marks at 71.50 tenge for 1 mark. Compared to the results of the previous trades went up by 0.25 tenge (25 points). Trade volume - DEM20 thousand. At closing of the session Deutsche mark was quoted at 71.50 (demand) / 71.80 (supply) tenge per unit of the currency. Two deals were made on Euro. The weighted average rate has made 139.83 tenge for 1 Euro. Compared to last trades it has decreased by 0.58 tenge (58 points). The trade volume - EUR30 thousand. At closing of the trades Euro was quoted at 140.00 (demand) / 140.05 (supply) tenge per unit of the currency.