Situation on KASE remains stable, demand from the bank of the second tier almost absent

/IRBIS, Nov.22, 99/ - The next trades in US dollar, Deutsche mark and Euro were held at Kazakhstan stock exchange (KASE). 19 banks participated in the trades. Today the trades in US dollars opened at 138.00 tenge per unit. Total of 181 deals were made. Weighted average dollar exchange rate made 137.82 (-0.40) tenge per unit. Volume of the session - $10.545 mln (+$3.575 mln). Exchange rate fluctuation during the trade did not exceed 0.28%. The trades were closed at 137.84/85 tenge per dollar. Today's trade did not differ from the trades of the previous week. The banks of the second tier offered the large volumes of dollars at the very weak demand. As a whole, the market was quite balanced. Some enlivening was observed after dollar rate decrease to 137.70 tenge. Subsequent growth to 137,84 was stipulated by active dollar buying by the only participant. Traders' behavior speculative component was absent practically. One hour after closing of the trades on over-the-counter market of Kazakhstan dollar was quoted at 137.60/75 tenge per unit, two hours later - 137.60/69. Deutsche mark: 8 deals, weighted average rate - 72.87 (-0.24) tenge per unit, volume DEM14,000 (+5,000). At closing of the session Deutsche mark was quoted at 73.35/85 tenge per unit. Euro: no deals were made. A demand quotation at the session closing - 141.80 there were no supply.