KASE: dollar exchange rate is still inclined to fall

/IRBIS, Feb.24, 00/ - Today the next morning trades in U.S. dollars, Deutsche marks and euros were held at Kazakhstan stock exchange (KASE) with TOD payment terms. 19 banks participated in the trades. Today the trades in U.S. dollars opened at 140.05 tenge per unit. Total of 45 deals were made. Weighted average dollar exchange rate equaled to 140.06 (-0.03) tenge per unit. Volume of the session - $2.770 mln (-$970 th.). Exchange rate fluctuation during the trade - 0.01%. The trades were closed at 140.06/07 tenge per dollar. Today the trades can be characterized by some increase in the activity of the participants relative to that of yesterday. But, despite of this, a significant dynamics in the exchange rate of the dollar was not reached. Except for three banks, all remaining participants of the trade took one sided position when dealing with the American currency. With that, an essential prevalence of the buyers of the dollars over their sellers could be felt. The factor that compensated for such volume of demand of BST was the sale of dollars by one major seller, thanks to it the market was maintained balanced within 140.05 - 140.07 tenge per unit price interval. In general, the market remains to be balanced. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at 140.04/09 tenge per unit. Two hours later - 140.10/15. In the day session of KASE with TOD payment terms at 12:30PM the dollar was at 140.13/18. Deutsche mark, morning session, TOD: one deal was made for 72.00 (+1.90) tenge per unit, volume - DEM5 (-20) th. Closing quotations - 71.90/72.05 tenge for mark. Euro, morning session, TOD: two deals were made, weighted average rate - 140.46 (-0.69) tenge per unit, volume - EUR100 (+85) th. Closing demand - 140.46/70 tenge for euro.