KASE: exchange rate of USD keeps rising influenced by demand of BST

/IRBIS, Dec.6, 99/ - The morning trades in US dollar, Deutsche mark and Euro were held at Kazakhstan stock exchange (KASE) with TOD payment terms. 22 banks participated in the trades. Today the trades in US dollars opened at 138.20 tenge per unit. Total of 136 deals were made. Weighted average dollar exchange rate equaled to 138.34 (+0.16) tenge per unit. Volume of the session - $11.975 mln (+$11.155 mln). Exchange rate fluctuation during the trade did not exceed 0.18%. The trades were closed at 138.32/33 tenge per dollar. The conjuncture of the market for the dollar continues to change towards increasing demand of the banks of the second tier. Demand for dollars of the banks was organized today: 18 participants only bought an American currency, while only two dealers (one of them left the floor with zero net- position, that is, he sold as many dollars as he bought) were selling them. Purchasing volumes of an American currency for some of the dealers were significant and reached 3.5 mln dollars. A compromise between the main seller and the buyers was found at 138.33 tenge per dollar, the price at which most of remaining deals were made. Most of big transactions of the session were conducted at this price. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at 138.35/45 tenge per unit, two hours later - 138.37/42. In the day session of KASE with TOD payment terms at 1:00PM the dollar was quoted at 138.05/70. Deutsche mark, morning session, TOD: no deals, At closing of the session Deutsche mark was quoted at 71.09/39 tenge per mark. Euro, morning session, TOD: no deals. At closing of the session euro was asked for 138.25 tenge per euro.