At KASE dollar firmed under the pressure of great demand of BST

/IRBIS, Jan.7, 00/ - 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 138.75 tenge per unit. Total of 138 deals were made. Weighted average dollar exchange rate equaled to 138.72 (+0.13) tenge per unit. Volume of the session - $15,910 mln (+$10,620 mln). Exchange rate fluctuation during the trade - 0.04%. The trades were closed at 138.70/71 tenge per dollar. Today the market conjuncture was formed under the influence of a great demand for dollars from BST and high monopolization of currency supply. Only three sellers were on the floor, one of them sold more than 15 mln USD. It helped to neutralize the demand of 16 participants. In the second half of the trade - the most active phase of the session - all demand was satisfied at 138.71 tenge per dollar. Speculative component remained low at that: banks obviously were inclined to buy. In IRBIS specialists' opinion, demand escalation for an American currency, which was observed on today's trades, is local. Banks are not able to buy more dollars for a quite long time, and foreign currency is abundant in domestic market of the country. By estimates of some dealers, dollars are sold by the Ministry of finance, and the exporters will join shortly. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at 138.70/75 tenge per unit, two hours later - 138.70/74. In the day session of KASE with TOD payment terms at 1:00PM the dollar was quoted at 138.70/75. Deutsche mark, morning session, TOD: 1 deal, price - 73.25 (+1.75) tenge per unit, volume - DEM20 (+15) th. Closing quotations - 73.28/82 tenge for mark. Euro, morning session, TOD: no deals. Closing demand - 140.15 tenge for euro, no offer.