USD/KZT at the day closing - 132.18/28 (indicators)

01.09.99 00:00
/IRBIS, Sep. 01, 99/ - According to REUTERS, at the moment of closing of the Kazakhstan OTC market on September 01 the tenge quotations were made 132.18 (demand) / 132.28 (supply) tenge per dollar at the average weighted exchange rate 132.12 (-0.14) and quotations at session closing 132.17/19. By the dealers' over-the-counter quotations, tenge in comparison with the previous day rose by 5 points - on demand and by 10 points - on supply. By these data it is possible to speak, that the KASE's tendency of strengthening of tenge was confirmed by the OTC market. However, comparing the day closing quotations and the exchange market rates (average weighted and at closing), it is possible to see a weak tendency of dollar strengthening in the OTC market wednesday after dinner. Second half of the day has not cleared the situation. Attempt to change the tendency toward the dollar decreasing, undertaken by some large banks on KASE, was not successful. The market waits for. At the day ending the quotations spreads grown up to 10 points, and the frequency of quoting sharply decreased. In all probability, tomorrow traders on KASE will be obliged to adapt to circumstances and the market condition will be formed during the events' development.