KASE: situatyion on the dollar trades did not change

/IRBIS, Sep.17, 99/ - The next trades with US dollar, Deutsche mark and Euro were held on KASE. 26 banks participated in the trades. Today US dollar trades were opened at the rate of 135.80 tenge per unit, but this rate was not realistic. At once, under a great demand influence, dollar has increased to 135.90. Than, about one minute later, dollar (ordinary events after fast growth), has decreased to 135.87. For the second part of tender, as well as yesterday, the equilibrium market was typical. All demand was satisfied in a price corridor of 135.89 -135.90. Session closing quotations were 135.89/90. Total 212 deals were made for USD. An average weighted rate of dollar has made 135.89 (+ 0,19). Volume of session - $14.030 million (-$1.245 million). Amplitude of fluctuation of rate during trade has reached 0.07%. One hour later KASE's trade closing, dollar in the interbank market of Kazakhstan was quoted at a level of 135.90/99, two hour later - 135.91/136.00. Market conjuncture in comparison with yesterday's practically not changed. It is possible to assume, that today volume of dollar offered by the exporters was higher, however, as well as yesterday, there were another, more important factors of influence. Banks of the second tier behavior was the another trade's distinctive feature. Their dealers, seeing the National Bank role, expected decreasing of dollar rate at the end of tender and waited for the last minutes. And only on the 40th minute they realized that dollar will not be cheaper today and started to trade. Volume of transaction has reached $7.0 million during the last five minutes. No deals were made for deutsche mark. Closing quotation - 72.10/28 tenge per unit. One deal was made for Euro at the price of 140.80 tenge per unit. An average weighted rate has grown by 9 points (+ 0,09 tenge). Volume of session - EUR100,000 (+EUR20,000). Closing quotation - 140.75/141.00 tenge per unit.