KASE: no principal changes in the market for dollar

/IRBIS, Dec.29, 99/ - The morning trades in US dollar, Deutsche mark and Euro were held at Kazakhstan stock exchange (KASE) with TOD payment terms. 19 banks participated in the trades. Today the trades in US dollars opened at 138.25 tenge per unit. Total of 96 deals were made. Weighted average dollar exchange rate equaled to 138.25 (+0.13) tenge per unit. Volume of the session - $13,120 mln (+$12,180 mln). Exchange rate fluctuation during the trade did not exceed 0.03%. The trades were closed at 138.24/25 tenge per dollar. As expected, dealers got noticeably active on today's session in US dollars. Almost all traders could not help buying dollars. Unlike demand, supply of currency was highly monopolized. Despite significant volume of demand, sellers were able to maintain the balance of the market at 138.25 tenge for dollar, the price at which most of the deals were made during the trades. Exchange rate of an American currency has been corrected downward several times, but always came back to equilibrium level of the session. By the results of the session it can be said the market is still balanced. Firming of the dollar by end-results of the trade in some way was due to noticeable activation of the banks of the second tier before closing of the market for holidays. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at 138.25/35 tenge per unit, two hours later - 138.02/10. Deutsche mark, morning session, TOD: no deals. Closing quotations - 71.55/80 tenge for mark. Euro, morning session, TOD: no deals. Closing demand - 138.57 tenge for euro with no offer.