At KASE the banks keep selling dollars actively

/IRBIS, Nov.23, 99/ - The next trades in US dollar, Deutsche mark and Euro were held at Kazakhstan stock exchange (KASE). 21 banks participated in the trades. Today the trades in US dollars opened at 137.45 tenge per unit. Total of 194 deals were made. Weighted average dollar exchange rate equaled to 137.58 (- 0.24) tenge per unit. Volume of the session - $20.170 mln (+$9,625 mln). Exchange rate fluctuation during the trade did not exceed 0.15%. The trades were closed at 137.60/61 tenge per dollar. Nothing has changed on the floor. The banks of the second tier are recklessly shortening their currency positions by selling large volumes of USD. All of them are still bought by a single buyer who was keeping the market balanced today at 137.60 tenge per dollar. Most of the banks of the second tier did not buy even a cent. Speculative motives in behaviors of the dealers were almost absent. One hour after closing of the trades on over-the-counter market of Kazakhstan dollar was quoted at 137.48/56 tenge per unit, two hours later - 137.42/52. Deutsche mark: 2 deals, weighted average - 72.60 (-0.27) tenge per unit, volume - DEM10 (-5) thousand. At closing of the session Deutsche mark was quoted at 72.50/75 tenge per unit. Euro: no deals. At closing of the session euro was asked for 141.02 tenge per unit.