At KASE dollar market got balanced at increase of dealer activity

/IRBIS, Nov.10, 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 139.95 tenge per dollar. Total of 246 deals were made. Weighted average dollar rate made 139.92 (-0.01) tenge per unit. Volume of the session - $10.290 mln (+$4.505 mln). Exchange rate fluctuation during the trade did not reach 0.05%. The trades were closed at 139.89/90 tenge per dollar. The session was characterized by the significant rise in market activity, that was expressed as the growth of speculative component in the dealers behavior. Almost all banks both sold and bought the dollar. Six from 26 traders have finished session with the zero net positions. It looks as if there is certain deficiency of free tenge in the market, what was confirmed by the morning's slight growth of the shortest money quotations. During all trade the dollar price reduced steadily at quite frequent dollar rate deviations from average weighted rate. However the deviations' amplitude was very small, and the market looked as balanced. One hour after the session closing dollar on the OTS market of Kazakhstan was quoted at the level of 139.80/90 tenges for unit, one more hour later - 139.75/95. 3 deals were made in Deutsche mark. Weighted average rate of the mark - 74.70 (+0.27) tenge per unit. Volume of the session - DEM15 (-55) thousand. At closing of the session Deutsche mark quotations equaled to 74.35/70 tenge per unit. No deals were made in Euro. At closing of the session Euro quotations equaled to 145.00/147.20 tenge per unit.