At KASE USD market found lower equilibrium level under the sales of the BST

/IRBIS, Jan.26, 00/ - The morning trades in US dollar, Deutsche mark and Euro were held at Kazakhstan stock exchange (KASE) with TOD payment terms. 14 banks participated in the trades. Today the trades in US dollars opened at 139.50 tenge per unit. Total of 56 deals were made. Weighted average dollar exchange rate equaled to 139.40 (-0.08) tenge per unit. Volume of the session - $6.215 mln (+$5.985 mln). Exchange rate fluctuation during the trade - 0.08%. The trades were closed at 139.40/41 tenge per dollar. Today the trade activity increased. Most likely, the banks preferred to sell USD on the day the auction of notes should be held, and the market-maker of the dollar at KASE was sure supply would be higher out of the Exchange in the afternoon. The most of the turnover of the dollars was handled by two major trade participants, one of them controlled about 90% of sales, and another one - about 95% of purchases. The balance of the market was maintained at 139.40 tenge per dollar till the very end of the session. Other banks that participated in today's trades restricted themselves to volumes up to 150 th. USD. Their behaviors did not influence the market conjuncture. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at 139.38/40 tenge per unit, two hours later quotations did not change. In the day session of KASE with TOD payment terms at 1:00PM the dollar was at 139.38/43. Deutsche mark, morning session, TOD: 1 deal, price - 71.70 (-0.50) tenge per unit, volume - DEM10 (-5) th. Closing quotations - 71.63/90 tenge for mark. Euro, morning session, TOD: no deals. Closing quotations - 139.52/140.15 tenge for euro.