USD/KZT at the day closing - 140.28/33 (indicators)

/IRBIS, Nov.05, 99/ - According to REUTERS, at the moment of closing of Kazakhstan's OTC-market on November 04 tenge/dollar quotations has made 140.28/33 tenge per dollar at the average weighted exchange rate 140.35 (+0.24) and session closing quotations of 140.20/21. By the dealers interbank quotations, tenge as against of the previous day closing decreased by 6 points on demand and by 1 point on supply. The dollar quotations in the interbank market of Kazakhstan after relative stability observed during a day, increased a little by closing. But, despite of it, the exchange weighted average dollar rate was bidder. The tendency of dollar strengthening on KASE's trades was not continued on the interbank market in the second half of day. The spreads varied today from 5 to 15 points at average 8. The quotations of the short money in the interbank market testify to sufficiency of means on the banks accounts. The market still expects the cancellation of obligatory sale of the exporters' proceeds on KASE. However quotations of dollar after dinner have shown, that in do not provoke the dollar rush. The dealers have managed no more than to rise somewhat a market rate of dollar. The day's feature is the result of devaluation indexed note-21 placement. Demand has exceeded $13 million. The investors were sure, that the National Bank will not change the rate, which on the previous auctions made 7.31% p.a. in a hard currency expression. Just this was fixed as average on all applications. But the emitter offered at the additional placement 7.14%, and attracted only $5 millions. The high interest to the hard currency notes shows a growth of devaluation expectations. The market actively reacts to change of the dollar rate in the last two days. The Monday market forecast is inconsistent. The market indicators show possibility of high opening of trades in dollar on KASE. Probability that the dollar will increase by some points is rather high.