USD continues to grow slowly on KASE under influence of not weakening demand

/IRBIS, Sep.15, 99/ - On the Kazakhstan Stock Exchange (KASE) the next trades for US dollar, deutsche mark and Euro were held. Twenty-four banks took a part in trades. The trades for US dollar have opened today at 135.60 tenge per dollar. At once after trades opening the sellers using a great demand managed to raise the market and to the 7th minute of session dollar rate has reached 135.70 tenge. Than, under influence of fixing of exchange difference by some dealers, dollar rate rolled back to 135.67. However five minutes later new wave of demand returned dollar price to 135.70 tenge. Second half of session passed at equilibrium market. Since 13th minute all demand has been satisfied in a narrow interval of 135.69-135.70 tenge. Closing quotation have made 135.69/70 tenge per dollar. In total 226 transactions were made for USD. The average weighted rate of dollar has made 135.69 (+ 0.17). Volume of session - $16.055 million (+$500 million). The amplitude of a rate's fluctuation has reached during the trade 0.07%. One hour after KASE's trades closing dollar was quoted in the OTS- market at a level of 135.70/80 tenge, after two hours - of 135.72/80. As before, business condition develops under influence of a not weakening demand from the banks of the second tier and their customers. Volume of trades steadily grows. In the second half of session the demand for dollar was completely neutralized by supply, that prevented its faster growth. It should also be mentioned that supply of the exporters' currency was practically not traced on the platform today. For deutsche mark 8 transactions were made. An average weighted rate - 71.95 (-0.43) tenge per DEM. Volume of session - 85,000 DEM, closing quotation - 71.80/94 tenge. One transaction was made for Euro. Rate - 141.00 (-0.50) tenge per Euro, volume - 10,000 (0) EUR, closing quotation - 140.40/99 tenge.