Despite the activity of the buyers, USD exchange rate keeps falling at KASE

/IRBIS, Nov.19, 99/ - The next trades in US dollar, Deutsche mark and Euro were held at Kazakhstan stock exchange (KASE). 20 banks participated in the trades. Today the trades in US dollars opened at 138.40 tenge per unit. Total of 193 deals were made. Weighted average dollar exchange rate equaled to 138.22 (- 0.18) tenge per unit. Volume of the session - $6.970 mln (- $14,155 mln). Exchange rate fluctuation during the trade reached 0.21%. The trades were closed at 138.12/18 tenge per dollar. Today the market conjuncture was determined by a prevalence of supply, which ensured fall of the dollar exchange rate throughout the trades. Large volume of dollar supply from two banks of the second tier was enough to satisfy the needs of other trade participants. Unlike previous days, today the buyers became more active: eight out of 20 banks were buying dollars, confidently leading the market downward. It seems that practically all market participants are comfortable with continuing decrease of the dollar exchange rate. It is confirmed by the dealers' behavior on the "interbank", where the dollar quotations passed below 138.00 tenge after closing of the trades at the Exchange. One hour after closing of the trades on over-the-counter market of Kazakhstan dollar was quoted at 137.90/138.00 tenge per unit, two hours later -137.85/95. Deutsche mark: 3 deals, weighted average - 73.11 (-0.58) tenge per unit, volume - DEM20 (-30) thousand. At closing of the session Deutsche mark was quoted at 73.08/12 tenge per unit. Euro: no deals. At closing of the session euro was quoted at 142.20/145.35 tenge per unit.