At KASE the dollar market is balanced at minimal volumes of deals

/IRBIS, Nov.25, 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 75 deals were made, and two of them were made with obvious violations of "Ethics code of Kazakhstan stock exchange member" norms, which resulted in not using these deals for calculating final results of the trade. Weighted average dollar exchange rate equaled to 137.78 (+ 0.02) tenge per unit. Volume of the session - $1.695 mln (- $1,190 mln). Exchange rate fluctuation during the trade reached 0.23%. The trades were closed at 137.77/78 tenge per dollar. In general, the market seemed to be balanced. The dollar exchange rate went up and down within 137.68 - 138.00 tenge per dollar price range with a gradual decrease in fluctuation range towards the end of the trade. The banks were more active at buying dollars than at selling them. There were less traders selling than those who were buying them. It is worth to say that today each dealer was either only buying or selling dollars. Speculative component of the trade was equal to zero. One hour after closing of the trades on over-the-counter market of Kazakhstan dollar was quoted at 137.78/138.00 tenge per unit, two hours later -137.80/85. Deutsche mark: 2 deals, weighted average rate - 72.40 (-0.20) tenge per unit, volume - DEM20 (+10) thousand. At closing of the session Deutsche mark quotations were absent. Euro: no deals. At closing of the session euro quotations were absent.