USD/KZT on the day closing - 135.44/59 (indicators)

/IRBIS, Sep.13, 99/ - According to the REUTERS at the closing of OTC- market of Kazakhstan on September 13 the tenge/dollar quotations amounted to 135.44/59 at an average weighted rate of 135.46 (+0.15) and quotations at the session closing of 135.48/50. By the OTC dealers quotations, tenge as against parameters of the previous day closing has become stronger by 1 point - on demand and by 6 points - on supply. The spreads of the OTC quotations after dinner varied from 8 to 15 points at average 11. It can be considered as the indicator of market stabilization. It is notable, that after 4:00 p.m. Almaty time there were no dealer's quotation. The overnight rates (2% p.a. on demand, 12% p.a. on supply) continue to reduced and now they are close to the parameters of a quite market. Today the National Bank of Kazakhstan has published press release, in which the events of the previous week were only mentioned. The main attention was given to positive conditions of the exchange market in July and August of the current year. According to the official comment, the situation now is under the complete control. Currency dealers adhere to the same opinion: the market has stabilized. Some of them believe that this week tenge rate will "stand". But it is still far to complete reliance. Just for this reason the dealers today worked by the very small "portions" of currency, insuring risks and sensitively listen to the changes. It is necessary to note, that the devaluation expectations do not fall down, the demand for dollars remains very high. This week the National Bank did not manage to use the seven-day notes, one of the popular tool - demand was too low. The issue of MEKKAM-3, as well as the previous, was recognized today as not made. Demand rates, stated by the participants, have appeared too high. The analysts of IRBIS consider the further dollar strengthening (but more slow than the last days') as the most probable drift of affairs on KASE tomorrow. Sufficient dollar supply is necessary for the tenge stability. We shell see, is it real or not. Dealers mark for now, that there are a lot of sellers and that the volume of supply has grown essentially.