At KASE demand for dollars exceed their supply

/IRBIS, Aug.25, 99/ - The next trades with the US dollar, Deutsche mark were held at KASE. 26 banks participated in the trades. The trades were opened with the US dollar at 131.50 tenge per unit of the currency. On the second deal dollar exchange rate has already jumped to 131.60. Further, dollar grew while the banks of the second tier were actively buying it. Active purchase of dollars by the buyers of American currency evoked a strengthening effect of the dollar during the remaining of the trades. The trades were closed at 131.65 (demand) / 131.67 (supply). 152 deals were made on US dollars. The weighted average dollar exchange rate has made 131.65 tenge per unit of the currency, and compared to the results of the previous session went up by 0.07 tenge (7 points). The trade volume of the session - $8.160 mln - has decreased relative to that of the latest trades by $6.300 mln. The exchange rate fluctuation during the trade was 0.14%. Today the market was characterized by prevailing demand for US dollars from the banks of the second tier over their supply. One hour after closing of the trades at over-the-counter market of Kazakhstan dollar was quoted at 131.62 (demand) / 131.68 (supply) tenge per unit of the currency. After two hours - 131.59 / 131.67. 5 deals were made on Deutsche marks. The weighted average rate has made 70.80 tenge for 1 mark. Compared to the results of the previous trades it went up by 0.44 tenge (44 points). Trade volume - DEM65 thousand. Compared to previous trades it decreased by DEM10 thousand. At closing of the session Deutsche mark was quoted at 70.72 (demand) / 70.82 (supply) tenge per unit of the currency. 2 deals were made on Euro. The weighted average rate has made 138.60 tenge for 1 Euro. Compared to last trades it has increased by 0.36 tenge (36 points). The trade volume - EUR20 thousand. At closing of the trades Euro was quoted at 138.21 (demand) / 138.86 (supply) tenge per unit of the currency.