At KASE USD exchange rate grew due to high demand of BST

/IRBIS, Feb.18, 00/ - The morning trades in US dollar, Deutsche mark and Euro were held at Kazakhstan stock exchange (KASE) with TOD payment terms. 18 banks participated in the trades. Today the trades in US dollars opened at 139.88 tenge per unit. Total of 58 deals were made. Weighted average dollar exchange rate equaled to 139.93 (+0.13) tenge per unit. Volume of the session - $3.525 mln (+$725 th.). Exchange rate fluctuation during the trade - 0.06%. The trades were closed at 139.97/98 tenge per dollar. As expected, today the market changed. Thanks to significant repayment volume of SS (including, two issues of MEKKAM-6 that were called back) the banks had a lot of free money in their correspondent accounts that could not be reinvested in debts. Despite the expectations, today the National Bank did not offer notes. Therefore, some banks preferred to invest in currency before coming weekends. The demand for the dollars was great. It let the buyers to lead the market up with confidence throughout the session today. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at 139.96/04 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 quotations were absent due to technical problems. Deutsche mark, morning session, TOD: no deals. Closing quotations - 70.00/90 tenge for mark. Euro, morning session, TOD: no deals. Closing quotations - 138.21/22 tenge for euro.