At KASE demand and supply of USD is still balanced

/IRBIS, Dec.13, 99/ - The morning trades in US dollar, Deutsche mark and Euro were held at Kazakhstan stock exchange (KASE) with TOD payment terms. 20 banks participated in the trades. Today the trades in US dollars opened at 138.15 tenge per unit. Total of 126 deals were made. Weighted average dollar exchange rate equaled to 138.17 (-0.07) tenge per unit. Volume of the session - $7,615 mln (+$2,850 mln). Exchange rate fluctuation during the trade did not exceed 0.03%. The trades were closed at 138.17/18 tenge per dollar. Today the session went in balanced market. Almost all deals were made within a narrow price range of 138.17 - 138.18 tenge per dollar. Major participants of the trade were two banks from the sellers side and one bank from the buyers side. Other dealers only preferred either to buy or sell dollars, restricting themselves with deals not exceeding 500 thousand US dollars. Most likely, today inflow of dollars onto the floor was sustained by exporters. Currency exchange is more preferable for them, since interbank quotations of the dollar lately stay below that of the Exchange. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at 138.10/14 tenge per unit, two hours later - without changes. In the day session of KASE with TOD payment terms at 1:00PM quotations for an American currency were absent. Deutsche mark, morning session, TOD: 4 deals, weighted average - 71.80 (-0.60) tenge per unit, volume - DEM85 (+75) thousand. Closing quotations - 71.75/80 tenge for mark. Euro, morning session, TOD: 1 deal, price - 141.05 (+2.45) tenge per unit, volume - EUR10 (-25) thousand. Closing demand - 140.05 tenge for euro, no offer.