At KASE trades demand for USD of the BST is practically absent

/IRBIS, Jan.21, 00/ - The morning trades in US dollar, Deutsche mark and Euro were held at Kazakhstan stock exchange (KASE) with TOD payment terms. 12 banks participated in the trades. Today the trades in US dollars opened at 139.40 tenge per unit. Total of 22 deals were made. Weighted average dollar exchange rate equaled to 139.45 (-0.01) tenge per unit. Volume of the session - $2,165 mln (+$1,745 mln). Exchange rate fluctuation during the trade - 0.05%. The trades were closed at 139.45/46 tenge per dollar. Compared with previous session these trades were more active. Large volume of dollar supplies from the banks of the second tier have appeared on the trade floor. It is more likely the BST were selling not only their own resources but also exporters' earnings. Demand from the most of the participants was practically absent. Significant portion of dollars was bought by a single dealer, and thanks to it the balance in the market was maintained in 139.45 - 139.47 tenge per dollar price range throughout the session. Trades did not reveal a growth in demand of the BST, which may be caused by the repayment of the National Bank notes at the end of this week. Banks prefer to sell USD. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at 139.40/45 tenge per unit. Two hours later they did not change. In the day session of KASE with TOD payment terms at 1:00PM the dollar was at 139.40/45. Deutsche mark, morning session, TOD: 1 deal, price - 72.65 (+0.24) tenge per unit, volume - DEM5 (-15) th. Closing quotations - 72.48/65 tenge for mark. Euro, morning session, TOD: no deals. Closing quotations - 141.31/97 tenge for euro.