At KASE activity of the USD market is still minimal

/IRBIS, Jan.27, 00/ - The morning trades in US dollar, Deutsche mark and Euro were held at Kazakhstan stock exchange (KASE) with TOD payment terms. 13 banks participated in the trades. Today the trades in US dollars opened at 139.50 tenge per unit. Total of 37 deals were made. Weighted average dollar exchange rate equaled to 139.39 (-0.01) tenge per unit. Volume of the session - $385 th. (-$5.830 mln). Exchange rate fluctuation during the trade - 0.09%. The trades were closed at 139.38/39 tenge per dollar. Activity of the banks has decreased to the minimum again. Usual favorites of the market, including Exchange's market-maker of the U.S. dollar, did not make deals today. Most of the currency turnover is out of KASE, in interbank market. However, even there, based on quotations, the activity is not high now, because demand and supply is close to an equilibrium. Spreads are low, speculative potential of the dollar is limited. Demand and supply parity was found within 139.38 - 139.40 tenge per dollar range on today's session. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at 139.37/39 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 139.35/40. Deutsche mark, morning session, TOD: no deals. Closing demand - 71.28 tenge for mark, no offer. Euro, morning session, TOD: no deals. Closing demand - 139.39 tenge for euro, no offer.