KASE: USD exchange rate keeps increasing under minimal activity of the most of banks

/IRBIS, Jan.13, 00/ - The morning trades in US dollar, Deutsche mark and Euro were held at Kazakhstan stock exchange (KASE) with TOD payment terms. 16 banks participated in the trades. Today the trades in US dollars opened at 139.18 tenge per unit. Total of 67 deals were made. Weighted average dollar exchange rate equaled to 139.20 (+0.10) tenge per unit. Volume of the session - $4,875 mln (+$3,615 mln). Exchange rate fluctuation during the trade - 0.01%. The trades were closed at 139.19/20 tenge per dollar. One and only distinctive feature of this trades with respect to that of yesterday's was an increase in the number of active participants of the session, which in turn had influenced the number of deals made and volume of the session. Most of the banks of the second tier still prefer buying dollars rather than selling them. This factor became a reason for a sift in demand to supply parity from 139.18 to 139.20 tenge per unit. As before, dollars are sold by mainly one participant. Another buyer joined the previous big buyer, who showed itself on last several trades. However, most dealers are not so active on the floor: in most cases, net-positions of the banks rarely exceed 350 th. USD. By the results of the trade it can be noted no principal changes occur in the exchange market for the dollar. Demand has shrank a bit, if compared to first trades of this year, but the exchange rate of the American currency is inclined towards growth. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at 139.22/28 tenge per unit, two hours later - 139.22/25. In the day session of KASE with TOD payment terms at 1:00PM the dollar was at 139.22/27. Deutsche mark, morning session, TOD: no deals. Closing demand - 73.30 tenge for mark, no offer. Euro, morning session, TOD: no deals. Closing quotations - 143.11/40 tenge for euro.