USD/KZT at closing of the day - 132.88/98 (indicators)

/IRBIS, Sep.06, 99/ - According to REUTERS at the moment of closing of the over-the-counter exchange market of Kazakhstan on September 06 the next tenge / dollar quotation was fixed: 132,88 (demand) / 132.98 (suppply) at the average weighted exchange rate 132.63 (+ 0.07) and quotations at closing of the exchange session of 132.80/87. By the OTS dealers' quotations, tenge against the Friday's parameters lost 25 (demand) / 31 (supply) points. The KASE's tendency of dollar strengthening has received afternoon its development in the OTS market: the price of dollar at closing of the OTS market today both at the demand and at the supply was above than Exchange's rate (both average weighted rate and price of the last transaction). The spreads of the quotations after dinner varied from 10 to 14 points at average of 11. The behaviour of the dealers did not confident, but dollar was quoted rather frequently. Concerning the forecasts on Tuesday it is possible to tell only that the Exchange will open above 132.80. The further events will depend on volume of realisation of the exporters' revenues, which were rather insignificant today. By the some unverified data, greater volume of realisation of dollar is expected tomorrow to be within the framework of obligatory sale. The experts of the IRBIS suppose, that the significant difference between the gross and the net turn-over is stipulated not so much by the trader's speculations, as by the large volume of applications of the largest banks clients, both for sale and for purchase of currency. The increase of the demand for dollar from the importers is characteristic for the last time. Taking into account the dynamics of the exchange rate of the last days, the present situation testifies, that even 50% of the exporters obligatory sallying is not capable to resist against the bank's demand.