At KASE USD market demonstrates absolute balance of demand and supply

/IRBIS, Feb.2, 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 139.34 tenge per unit. Total of 40 deals were made. Weighted average dollar exchange rate equaled to 139.34 (-0.01) tenge per unit. Volume of the session - $2.900 mln (-$3.175 mln). Exchange rate fluctuation during the trade - 0.00%. The trades were closed at 139.33/34 tenge per dollar. Today the Exchange session demonstrated an absolute balance of demand and supply of U.S. dollars. Distinctive feature of the trades is that all deals were made at one price - 139.34 tenge per dollar. The number of sellers and buyers were equal - 5 to 5, and the market monopolization degree - low. Volumes of the deals for some banks were very close. Speculative component in dealers' behaviors was completely absent. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at 139.31/33 tenge per unit, two hours later - 139.25/35. In the day session of KASE with TOD payment terms at 12:30PM the dollar was at 139.30/34. Deutsche mark, morning session, TOD: no deals. Closing quotations - 69.20/70.50 tenge for mark. Euro, morning session, TOD: no deals. Closing quotations - 135.05/136.95 tenge for euro.