KASE: real cost of USD today lies between 139.90 - 140.00 tenge

/IRBIS, Nov.02, 99/ - The next trades in US dollar, Deutsche mark and Euro were held at Kazakhstan stock exchange (KASE). 26 banks participated in the trades. Today the trades in US dollars opened at 139.81 tenge per unit. Total of 317 deals were made. Weighted average dollar exchange rate made 139.96 (-0.07) tenge per unit. Volume of the session - $20.300 mln (+$9.115 mln). Exchange rate fluctuation during the trade reached 0.20%. The trades were closed at 140.02/07 tenge per dollar. Today the trades followed the same scenario as they did yesterday. The dollar exchange rate grew all session long due to high demand from a number of banks. But very weak opening of the market did not allow the dollar to gain by the results of the trade. Large volume of an American currency supply is worth mentioning. More likely, exporters' earnings were sold at the trade floor: beginning of new months is taking its toll. Supply was completely balanced by demand. Buyers went to a compromise, but only to a certain price level. When cost of the dollar exceeded 140 tenge per unit, dealers quickly became less active. The trades showed that a real cost of the dollar today lies between 139.90 - 140.00 tenge price range, and even a large volume of supply can not change the conjuncture. One hour after closing of the trades on over-the-counter market of Kazakhstan dollar was quoted at 139.95/140.05 tenge per unit, two hours later -140.00/10. 4 deals were made in Deutsche mark. Weighted average rate of the mark - 75.37 (-0.29) tenge per unit. Trade volume of the session - DEM25 (+10) thousand. At closing of the session Deutsche mark was quoted at 75.31/76.00 tenge per unit. 2 deals were made in euro. Weighted average rate of euro - 147.30 (-4.71) tenge per unit. Trade volume of the session - EUR10 (-10) thousand. At closing of the session euro was quoted at 146.20/148.00 tenge per unit.