Equilibrum dollar market remains on KASE

/IRBIS, Oct. 26, 99/ - On the Kazakhstan stock exchange (KASE) next trades in US dollar, deutsche mark and Euro were held. 20 banks In trades participated in trades. US dollar: The today's trades were opened on a level of 140.56 tenge per unit. At the first minutes the dollar rate began to reduce because of insufficient demand from the part of the currency buyers. However the decrease was short and not so strong. After reduction to session's minimum of 140.50 tenge, dollar quickly restored its positions, and already at the 22-th minute its price reached the day's maximum of 140.60 tenge per unit. The second half of trade passed more quieter. The balance of offer and demand was mainly achieved in the price interval of 140.53-140.54 tenge. The trades were closed at the quotations of140.53/55 tenge per dollar. Total in USD 230 transactions were made. The average weighted dollar rate has made 140.53 (-0.03) tenge per unit. Volume of session is $7.570 million (-$4,170.0). The amplitude of rate fluctuation has not exceeded during the trade 0.07%. By the trade results it is possible to tell that the market did not essentially differ from that of two previous days. Speculative component in the dealers behavior was displayed distinctly, the banks rather actively bought up, and sold dollars. Volumes of supply and demand were rather comparable. It is not excluded, that the essential part of the currency supply belong to the exporters' proceeds. One hour after trade closing on OTS market of Kazakhstan dollar was quoted at the level of 140.48/54 tenge per unit. Two hours later - 140.50/60. Deutsche mark: 1 transaction at the price of 77.00 tenges per unit was made. Volume of session - DEM15,000 (-65,000). At the session closing the quotations of the mark have made 76.62/77.00 tenges per unit. Euro: no transactions were made. At closing the Euro quotation have made 150.01/152.00 tenge per unit.